Wednesday, March 19, 2008

Mutual Funds' Selling Slows Down

Mutual funds (MFs) sold shares worth a net Rs 100.50 crore on 17 March 2008, compared to their selling of Rs 321.10 crore on Friday, 14 March 2008. MFs' net outflow of Rs 100.50 crore on 17 March 2008 was a result of gross purchases Rs 653.50 crore and gross sales Rs 754 crore. The 30-share BSE Sensex lost 951.03 points or 6.03% at 14,809.49 on that day. MFs were net sellers of shares worth Rs 1,578.20 crore in this month, till 17 March 2008.

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