Mutual Funds Turn Net Sellers

Domestic mutual funds (MFs) turned net sellers of equities on Thursday (12 April 2007). MFs sold shares worth Rs 21 compared with Wednesday (11 April 2007) purchases of Rs 289.40 crore. MFs made gross sales worth Rs 422.00 crore, their gross purchase aggregating Rs 400.90 crore on Thursday. The 30-share BSE Sensex surged 270.27 points, at 13,384.08 on that day.