Mutual Funds Turn Buyers In Equities

Mutual funds (MFs) bought shares worth Rs 51.60 crore on Wednesday, 25 July 2007. They had sold shares worth a net Rs 486.80 crore on Tuesday, 24 July 2007. Mutual funds' net inflow of Rs 51.60 crore on 25 July 2007 was a result of gross purchases of Rs 848.90 crore and gross sales of Rs 797.30 crore. The BSE 30-share Sensex lost 95.59 points to 15,699.33 on that day. Mutual funds sold equities worth Rs 1,862.59 crore in the month of July, till 25 July 2007. Mutual funds had pumped in Rs 9062.34 crore in Indian equity market in the financial year ended March 2007.