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Tuesday, September 15, 2009

MFs' selling vigour slows down

Sales worth Rs 197.10 crore on 14 September 2009

Mutual funds (MFs) sold shares worth a net Rs 197.10 crore on Monday, 14 September 2009, much lower than Rs 432.10 crore on Friday, 11 September 2009.

MFs' net sales of Rs 197.10 crore on 14 September 2009 was a result of gross purchases Rs 599.60 crore and gross sales Rs 796.70 crore. The BSE Sensex fell 50.11 points or 0.31% to 16,214.19 on that day.

MFs sold shares worth a net Rs 951.70 crore in September 2009 (till 14 September 2009). MFs had bought shares worth a net Rs 570.30 crore in August 2009.

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