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Friday, July 24, 2009

Mutual funds resume buying

Purchases worth Rs 166 crore on 23 July 2009

Mutual funds (MFs) bought shares worth a net Rs 166 crore on Thursday, 23 July 2009, as against an outflow of Rs 284.90 crore on Wednesday, 22 July 2009.

MFs' net inflow of Rs 166 crore on 23 July 2009 was a result of gross purchases Rs 1112.30 crore and gross sales Rs 946.30 crore. The BSE Sensex surged 387.92 points or 2.61% to 15,231.04 on that day.

MFs bought shares worth a net Rs 1573.20 crore in July 2009 (till 23 July 2009). Mutual funds had bought stocks worth Rs 839.30 crore in June 2009.

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