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Tuesday, August 18, 2009

Mutual funds in selling mode

Sales worth Rs 681.80 crore on 17 August 2009

Mutual funds (MFs) sold shares worth a net Rs 681.80 crore on Monday, 17 August 2009, as against an inflow of Rs 258.50 crore on Friday, 14 August 2009.

MFs' net outflow of Rs 681.80 crore on 17 August 2009 was a result of gross purchases Rs 499.60 crore and gross sales Rs 1181.40 crore. The BSE Sensex tumbled 626.71 points or 4.07% at 14,784.92 on that day.

MFs sold shares worth a net Rs 756.70 in August 2009 (till 17 August 2009). MFs had bought shares worth a net Rs 1825.50 crore in July 2009.

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