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Wednesday, August 05, 2009

Slowdown in mutual funds' equity purchases

Inflow of Rs 168 crore in first two days this month

Mutual funds mopped up equities worth a net Rs 25.40 crore on Tuesday, 4 August 2009, much lower than Rs 142.60 crore on Monday, 3 August 2009.

The net inflow of Rs 25.40 crore on 4 August 2009 was a result of gross purchases Rs 879.40 crore and gross sales Rs 854 crore. The BSE 30-share Sensex was down 93.25 points or 0.59% to 15,830.98 that day.

The net inflow of mutual funds into equities in the first two days this month totaled Rs 168 crore. They had bought stocks worth a net Rs 1825.50 crore last month.

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