Mutual Funds Turn Sellers

Domestic mutual funds (MFs) turned net sellers on 18 May 2007, after buying for the previous two session, as they sold net equity shares to the tune of Rs 135 crore. MFs made gross sales worth Rs 669.40 crore, while their gross purchases aggregated Rs 534.40 crore on that day. So far for the month (till 18 May), MFs have invested Rs 2437.90 crore in Indian equity market. Mutual funds had pumped Rs 9062.34 crore into the Indian equity market during the financial year ended March 2007.