Mutual Funds Seen Buying On Eight Consecutive Day

Domestic mutual funds (MFs) were seen buying for the eight consecutive day after being sellers continuously for seven trading days in February 2007. On 27 February 2007, MFs purchased shares worth Rs 348.58 crore compared with Monday's (26 February 2007) purchases of Rs 270.59 crore. Out of 18 trading sessions in February, MFs were net sellers of equities for eight days, and net buyers on ten. MFs reported gross purchases worth Rs 774.60 crore, their gross sales aggregating Rs 426.02 crore. The 30-share BSE Sensex lost 170.69 points (1.2%), to 13,478.83, on 27 February 2007. The cumulative investment by MFs, till 27 February 2007, is an outflow of Rs 517.53 crore. Inflow from MFs in April 2006 - February 2007, up to 27 February 2007, stands at Rs 10460.34 crore.