Mutual Funds Turn Net Buyers

Domestic mutual funds (MFs) stepped buying of equities on 20 March 2007. Mutual funds purchased shares worth Rs 140.15 crore compared with Monday's (19 March 2007) purchases of Rs 33.07 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 purchases worth Rs 413.27 crore, their gross sales aggregating Rs 273.12 crore on Tuesday. The 30-share BSE Sensex gained 60.95 points (0.48%), to settle at 12,705.94, on that day. MFs net inflow from April 2006 - March 2007, up to 20 March 2007, stands at Rs 9602.24 crore, while they bought shares worth Rs 14302.20 crore during April 2005-March 2006 period.