Mutual Funds Turn Sellers

Domestic mutual funds (MFs) turned net sellers of equities on Friday (23 March 2007). MFs sold shares worth Rs 168.15 crore compared with Thursday's (22 March 2007) purchases of Rs 87.10 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 666.95 crore, their gross purchase aggregating Rs 498.80 crore on Friday. The 30-share BSE Sensex settled 22.10 points lower, at 13,285.93, on that day. MFs net inflow from April 2006 - March 2007, up to 23 March 2007, stands at Rs 9464.86 crore, while they bought shares worth Rs 14302.20 crore during April 2005-March 2006 period.