Mutual funds in selling mode in equities

Mutual funds (MFs) sold shares worth Rs 33.90 crore on Tuesday 19 June 2007. They had bought shares worth a net Rs 202.70 crore on Monday 18 June 2007.

Mutual funds' net outflow of Rs 33.90 crore on 19 June 2007 was a result of gross purchases of Rs 568.20 crore and gross sales Rs 602.10 crore. The BSE 30-share Sensex closed with a 215.36 point spurt or 1.53% gain at 14,295.50 on that day.

Mutuals Funds had bought shares worth a net Rs 409.5 crore in last two trading sessions from 15 June 2007 and 18 June 2007. Mutual funds' inflow in this month aggregated Rs 203.10 crore, till 19 June 2007. They had pumped in Rs 9062.34 crore in Indian equity market in the financial year ended March 2007.