Mutual funds have stepped up selling in equities. They sold shares worth a net Rs 295.26 crore on Monday (26 March 2007), the day when the Sensex had lost 162 points. That was much higher than their sales of Rs 168.15 crore on Friday (23 March 2007).
Mutual funds’ net outflow of Rs 295.26 crore on 26 March 2007 was a result of gross purchases of Rs 463.48 crore and gross sales worth Rs 758.74 crore.
Mutual funds have been net sellers for most of the present month. Their outflow stands at Rs 1534 crore so far this month (till 26 March).
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