Tuesday, March 25, 2008

Mutual Funds In Selling Mode

Mutual funds (MFs) sold shares worth a net Rs 291.50 crore on Wednesday, 19 March 2008, compared to their buying of Rs 65.10 crore on Tuesday, 18 March 2008. MFs' net outflow of Rs 291.50 crore on 19 March 2008 was a result of gross purchases Rs 953.90 crore and gross sales Rs 1245.40 crore. The 30-share BSE Sensex rose 161.37 points or 1.09% at 14,994.83 on that day. MFs were net sellers of shares worth Rs 1,806.70 crore in this month, till 19 March 2008.

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