Wednesday, June 27, 2007

Mutual Funds Continue Selling In Equities

Mutual funds (MFs) sold shares worth Rs 69.10 crore on Monday 25 June 2007. They had sold shares worth a net Rs 26.70 crore on Friday 22 June 2007. Mutual funds' net outflow of Rs 69.10 crore on 25 June 2007 was a result of gross purchases of Rs 349.80 crore and gross sales Rs 418.90 crore. The 30-share BSE Sensex gained 20.36 points or 0.14% at 14,487.72 on that day.
Mutual Funds had bought shares worth a net Rs 409.5 crore in two trading sessions from 15 June 2007 and 18 June 2007, which was followed by their outflow of Rs 33.90 crore on Tuesday 19 June 2007. They had resumed buying again putting in Rs 149.30 crore and Rs 45.90 crore on 20 June 2007 and 21 June 2007 respectively. They turned sellers since 22 June 2007.

Mutual funds' inflow in this month aggregated Rs 302.49 crore, till 25 June 2007. They had pumped in Rs 9062.34 crore in Indian equity market in the financial year ended March 2007.

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