Mutual Funds Turn Buyers

Domestic mutual funds (MFs) were net buyers of equities on Friday (20 April 2007). MFs bought shares worth Rs 192.40 compared with Thursday’s (19 April 2007) sales of Rs 25.80 crore. MFs made gross purchases worth Rs 676.70 crore, their gross sales aggregating Rs 484.20 crore on Friday. The 30-share BSE Sensex jumped 277.71 points (2%), to settle at 13,897.41 on that day.