Domestic MFs Turn Sellers

Domestic mutual funds (MFs) sold equities on 7 March 2007 after buying continuously for two day. MFs were seller of equities during the first two days of the month. On Wednesday (7 March 2007), MFs sold shares worth Rs 379.56 crore compared with Tuesday's (6 March 2007) purchases of Rs 68.44 crore. Last month, out of 19 trading sessions, MFs were net sellers of equities for eight days, and net buyers for 11 days in February 2007. MFs made gross sales worth Rs 717.76 crore, their gross purchases aggregating Rs 338.20 crore on March 7. The 30-share BSE Sensex settled 117.34 points (0.92%) lower, at 12,579.75, on that day. MF net inflow from April 2006 - February 2007, up to 7 March 2007, stands at Rs 10321.15 crore.