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Friday, August 14, 2009

Mutual funds in buying mode

Purchases worth Rs 471.40 crore on 13 August 2009

Mutual funds (MFs) bought shares worth a net Rs 471.40 crore on Thursday, 13 August 2009, as against an outflow of Rs 494.40 crore on Wednesday, 12 August 2009.

MFs' net inflow of Rs 471.40 crore on 13 August 2009 was a result of gross purchases Rs 1123.20 crore and gross sales Rs 651.80 crore. The BSE Sensex surged 498.33 points or 3.32% at 15,518.49 on that day.

MFs sold shares worth a net Rs 333.40 in August 2009 (till 13 August 2009). MFs had bought shares worth a net Rs 1825.50 crore in July 2009.

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