Mutual Funds Increase Buying

Domestic mutual funds (MFs) have stepped up equity buying on 16 April 2007. MFs bought shares worth Rs 204.90 compared with Friday?s (13 April 2007) purchases of Rs 199.80 crore. MFs made gross purchases worth Rs 703.70 crore, their gross sales aggregating Rs 498.80 crore on March 16. The 30-share BSE Sensex jumped 311.50 points (2.33%), to settle at 13,695.58 on that day.