Friday, June 22, 2007

Mutual Funds Resume Buying Of Equities

Mutual funds (MFs) bought shares worth Rs 149.30 crore on Wednesday 20 June 2007. They had sold shares worth a net Rs 33.90 crore on Tuesday 19 June 2007.
Mutual funds' net inflow of Rs 149.30 crore on 20 June 2007 was a result of gross purchases of Rs 656.30 crore and gross sales Rs 507 crore. The 30 share BSE Sensex rose 116.45 points to 14,411.95 on that day.

Mutuals 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 thier outflow of Rs 33.90 crore on Tuesday 19 June 2007.

Mutual funds' inflow in this month aggregated Rs 352.39 crore, till 20 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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