Mutual funds (MFs) sold shares worth Rs 48.50 crore on Monday, 23 July 2007. They had sold shares worth a net Rs 316.80 crore on Friday, 20 July 2007. Mutual funds' net outflow of Rs 48.50 crore on 23 July 2007 was a result of gross purchases of Rs 562.10 crore and gross sales of Rs 610.60 crore. The BSE 30-share Sensex surged 166.65 points or 1.07% to 15,732.20, an all time closing high on that day.
Mutual funds sold equities worth Rs 1427.70 crore in the first few days of July, till 23 July 2007. Mutual funds had pumped in Rs 9062.34 crore in Indian equity market in the financial year ended March 2007.
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