Mutual Funds Selling Continues

Mutual funds (MFs) sold shares worth a net Rs 354.80 crore on Wednesday, 10 October 2007, compared to their selling of Rs 340.90 crore on Tuesday, 9 October 2007. MFs' net sales of Rs 354.80 crore on 10 October 2007 was a result of gross purchases of Rs 1,052.30 crore and gross sales Rs 1,407.10 crore. The 30-shares BSE Sensex rose 378.01 points, or 2.07%, to 18,658.25, a record closing high on that day. MFs were net sellers of shares worth Rs 2063.80 crore in this month, till 10 October 2007.