Wednesday, December 16, 2009

Mutual funds step up selling

Outflow worth Rs 354 crore on 15 December 2009 


Mutual funds (MFs) sold shares worth a net Rs 354 crore on Tuesday, 15 December 2009, higher than Rs 165.80 crore on Monday, 14 December 2009.

The net outflow of Rs 354 crore on 15 December 2009 was a result of gross purchases Rs 554.10 crore and gross sales Rs 908.10 crore. The BSE Sensex lost 220.39 points or 1.29% to 16877.16 on that day.

MFs sold shares worth net Rs 1853.30 crore in December 2009 (till 15 December 2009). MFs had sold shares worth a net Rs 695.60 crore in November 2009.