Friday, April 18, 2008

Mutual funds in selling mode

Mutual funds (MFs) sold shares worth a net Rs 259.10 crore on Wednesday 16 April 2008 compared to their buying of Rs 121.80 crore on Tuesday, 15 April 2008.

MFs' net outflow of Rs 259.10 crore on Wednesday 16 April 2008 was a result of gross purchases Rs 523.30 crore and gross sales Rs 782.40 crore. Sensex rose 90.53 points or 0.56% at 16,244.19 on that day. MFs were net buyers of shares worth Rs 5.30 crore in this month, till 16 April 2008.

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