MFs Sell Equities Worth Rs 83.70 Crore

Domestic mutual funds (MFs) were net sellers of equities for the fifth consecutive trading session on 30 March 2007. MFs sold shares worth Rs 83.70 crore on Friday compared with Thursday (29 March 2007)'s sales of Rs 60.01 crore. MFs made gross sales worth Rs 380.88 crore, their gross purchases aggregating Rs 297.18 crore on March 30. MFs net inflow in April 2006 - March 2007, stands at Rs 8819.08 crore. Domestic funds bought shares worth Rs 14302.20 crore during April 2005 - March 2006 period.