Tuesday, December 22, 2009

Mutual funds' selling crosses Rs 2000 crore in December 2009

Sales worth Rs 174 crore on 21 December 2009 


Mutual funds (MFs) sold shares worth a net Rs 174 crore on Monday, 21 December 2009, higher than Rs 52 crore on Friday, 18 December 2009.

The net outflow of Rs 174 crore on 21 December 2009 was a result of gross purchases Rs 415.10 crore and gross sales Rs 589.10 crore. The BSE Sensex fell 118.63 points or 0.71% to 16601.20 on that day.

MFs sold shares worth net Rs 2179 crore in December 2009 (till 21 December 2009). MFs had sold shares worth a net Rs 695.60 crore in November 2009.