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Thursday, July 30, 2009

Mutual funds in selling mode

Sales worth Rs 292.30 crore on 29 July 2009

Mutual funds (MFs) sold shares worth a net Rs 292.30 crore on Wednesday, 29 July 2009, as against an inflow of Rs 132.60 crore on Tuesday, 28 July 2009.

MFs' net outflow of Rs 292.30 crore on 29 July 2009 was a result of gross purchases Rs 869 crore and gross sales Rs 1161.30 crore. The BSE Sensex lost 158.48 points or 1.03% to 15,173.46 on that day.

MFs bought shares worth a net Rs 1203.70 crore in July 2009 (till 29 July 2009). Mutual funds had bought stocks worth Rs 839.30 crore in June 2009.

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