Saturday, March 8, 2008

Mutual Funds' Selling Continue

Mutual funds (MFs) sold shares worth a net Rs 280.10 crore on Wednesday, 5 March 2008, compared to their selling of Rs 151.40 crore on Tuesday, 4 March 2008.

MFs’ net outflow of Rs 280.10 crore on 5 March 2008 was a result of gross purchases of Rs 881.70 crore and gross sales Rs 1161.80 crore. The 30-share BSE Sensex rose 202.19 points or 1.24% at 16,542.08 on that day.

MFs were net sellers of shares worth Rs 884.40 crore in this month, till 5 March 2008.

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