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Wednesday, May 20, 2009

Mutual funds press heavy sales

Offload equities worth Rs 1720.10 crore on Tuesday, 19 May 2009

Mutual funds (MFs) pressed heavy equity sales, offloading equities worth Rs 1720.10 crore on Tuesday, 19 May 2009

MFs' net outflow of Rs 1720.10 crore on 19 May 2009 was a result of gross purchases Rs 1396.20 crore and gross sales of Rs 3116.30 crore. The BSE 30-share Sensex rose 17.82 points or 0.12% to 14,302.03 its highest closing since 11 September 2009 on that day.

MFs are turned net sellers of shares worth Rs 619.40 crore in May 2009 (till 19 May 2009).

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