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Tuesday, May 19, 2009

Mutual funds resort to marginal sales

Sell shares worth Rs 0.50 crore on Monday, 18 May 2009

Mutual funds (MFs) sold equities worth Rs 0.50 crore on Monday, 18 May 2009 as trading was halted in just a minute of trade due to the triggering of market-wide circuit filters as investors latched stocks after the Congress-led United Progressive Alliance (UPA) got a clear mandate in the 15th Lok Sabha election

MFs' net outflow of Rs 0.50 crore on 18 May 2009 was a result of gross purchases Rs 17.20 crore and gross sales of Rs 17.70 crore. The 30-share Sensex jumped 2110.79 points or 17.34% at 14,284.21, its biggest single day point gain

MFs are net buyers of shares worth Rs 1,100.70 crore in May 2009 (till 18 May 2009).

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