Mutual funds on buying spree

Mutual funds (MFs) bought shares worth Rs 45.30 crore Thursday, 9 August 2007. They had bought shares worth a net Rs 377.30 crore on Wednesday, 8 August 2007. Mutual funds' net inflow of Rs 45.30 crore on 9 August 2007 was a result of gross purchases of Rs 721.50 crore and gross sales of Rs 676.10 crore. The BSE 30-share Sensex shed 207.83 points or 1.36% at 15100.15 on that day. Mutual funds bought shares worth Rs 567.10 crore in the first few days in the month of August 2007, till 9 August 2007. Mutual funds sold equities worth Rs 900.60 crore in the month of July 2007. Mutual funds had pumped in Rs 9062.34 crore in Indian equity market in the financial year ended March 2007.