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Tuesday, July 21, 2009

Mutual funds continue buying

Purchases worth Rs 470.40 crore on 20 July 2009

Mutual funds (MFs) bought shares worth a net Rs 470.40 crore on Monday, 20 July 2009, much lower than Rs 742.30 crore on Friday, 17 July 2009.

MFs' net inflow of Rs 470.40 crore on 20 July 2009 was a result of gross purchases Rs 1,251.40 crore and gross sales Rs 781 crore. The BSE Sensex surged 446.09 points or 3.03% at 15,191.01 on that day.

MFs bought shares worth a net Rs 1,587.50 crore in July 2009 (till 20 July 2009). Mutual funds had bought stocks worth Rs 839.30 crore in June 2009.

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