MFs take to selling in equities

Mutual funds (MFs) sold shares worth Rs 24.90 crore on Monday 11 June 2007. They had bought shares worth a net Rs 226.70 crore on Friday 8 June 2007. Mutual funds' net outflow of Rs 24.90 crore on 11 June 2007 was a result of gross purchases Rs 425.80 crore and gross sales Rs 450.70 crore. The Sensex ended up 19.60 points to 14,083.41 on that day. Mutual funds' net inflow in the first six trading sessions this month aggregated Rs 269.99 crore. They had pumped in Rs 9062.34 crore in Indian equity market in the financial year ended March 2007.