Net outflow of MFs' in equities totals Rs 434 crore in three days

Mutual funds (MFs) offloaded shares worth Rs 69.70 crore on June 13, 13 June 2007. They had sold shares worth a net Rs 339.80 crore on Tuesday 12 June 2007. Mutual funds' net outflow of Rs 69.70 crore on 13 June 2007 was a result of gross purchases Rs 257.20 crore and gross sales Rs 326.90 crore. Sensex lost 127.92 points or 0.91% to 14,003.03 on that day.

Mutual fund sold shares worth Rs 434.3 crore in the three trading sessions from 11 June 2007 to 13 June 2007. Mutual funds' outflow in the first eight trading sessions this month aggregated Rs 139.39 crore, till 13 June 2007. They had pumped in Rs 9062.34 crore in Indian equity market in the financial year ended March 2007.