Wednesday, October 8, 2008

Mutual Funds Continue Selling - Oct 8, 2008

Mutual funds (MFs) sold shares worth a net Rs 231.10 crore on Monday, 6 September 2008, as compared to their outflow of Rs 342.80 crore on Friday, 3 October 2008. MFs' net outflow of Rs 231.10 crore on 6 October 2008 was a result of gross purchases Rs 528.10 crore and gross sales Rs 759.20 crore. The BSE Sensex lost 724.62 points or 5.78% to 11,801.70 on that day. MFs were net sellers of shares worth Rs 426 crore in this month, till 6 October 2008.

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