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Tuesday, July 28, 2009

Mutual funds step up selling

Sales worth Rs 176.80 crore on 27 July 2009

Mutual funds (MFs) sold shares worth a net Rs 176.80 crore on Monday, 27 July 2009, much higher than Rs 33 crore on Friday, 24 July 2009.

MFs' net outflow of Rs 176.80 crore on 27 July 2009 was a result of gross purchases Rs 967.10 crore and gross sales Rs 1143.90 crore. The BSE Sensex lost 3.92 points or 0.03% to 15,375.04 on that day.

MFs bought shares worth a net Rs 1363.40 crore in July 2009 (till 27 July 2009). Mutual funds had bought stocks worth Rs 839.30 crore in June 2009.

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