Mutual funds bought shares worth a net Rs 98.90 crore on Tuesday, 4 September 2007, lower than their buying worth Rs 142.50 crore on Monday, 3 September 2007. Mutual funds' net inflow of Rs 98.90 crore on 4 September 2007, was a result of gross purchases Rs 510.70 crore and gross sales Rs 411.90 crore. Sensex had risen 43.35 points or 0.28% at 15,465.40 on that day. Mutual funds' net inflow totaled Rs 241.30 crore in first two trading session of September 2007.
Bargain hunting by domestic institutions including mutual funds helped the market stage a solid rebound from an earlier steep fall that was caused by credit crunch amid US sub-prime mortgage defaults. Mutual funds bought shares worth a net Rs 4093.90 crore in August 2007.
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