Mutual Funds Take To Buying

Domestic mutual funds (MFs) have bought equities on 22 March 2007. MFs purchased shares worth Rs 86.90 crore compared with Wednesday's (21 March 2007) sales of Rs 56.33 crore. In 19 trading sessions of February 2007, MFs were net sellers of equities for eight, and net buyers for 11. MFs made gross purchases worth Rs 557.89 crore, their gross sales aggregating Rs 470.99 crore on March 21. The 30-share BSE Sensex jumped 362.15 points (2.8%), to settle at 13,308.03, on that day. MFs net inflow from April 2006 - March 2007, up to 22 March 2007, stands at Rs 9632.81 crore. Domestic funds also bought shares worth Rs 14302.20 crore during April 2005-March 2006 period.