Mutual Funds On Selling Spree

Mutual funds (MFs) have taken selling route on 2 February, offloading shares worth a net Rs 77.63 crore on 2 February 2007. MFs reported gross purchases worth Rs 637.20 crore, compared to gross sales aggregating to Rs 714.83 crore. The BSE Sensex finished 136.59 points higher, at 14,403.77, an all-time closing high. It had also surged to an all-time high of 14,462.77 in intra-day trade. MFs sold net shares worth Rs 1342.23 crore in January 2007. MFs net inflow from April 2006 to February 2007, as on 5 February 2007, stands at Rs 11,008.01 crore.