Wednesday, November 12, 2008

Mutual Funds Pouring Money Into The Market - Nov 12, 2008

Different nutual fund houses have bought shares worth a net Rs 505.50 crore on 10 November 2008, as compared to their outflow of Rs 81.70 crore on 7 November 2008. MFs' net inflow of Rs 505.50 crore on 10 November 2008 was a result of gross purchases Rs 802.60 crore and gross sales Rs 297.10 crore. Besides, the BSE Sensex gained 571.87 points or 5.74% at 10,536.16 on that day. MFs were net sellers of shares worth Rs 345 crore in this month, till 10 November 2008.

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