Mutual Funds On A Buying Spree

Domestic mutual funds (MFs) continued their buying for the fourth straight day as they purchased shares worth a net Rs 57.10 crore on Monday (7 May 2007). MFs made gross purchases worth Rs 706.90 crore, while their gross sales aggregated Rs 649.80 crore on that day. Mutual funds pumped Rs 9062.34 crore into the Indian equity market during the financial year ended March 2007.