Thursday, January 07, 2010

Mutual funds resume selling

Sales worth Rs 571.10 crore on 6 January 2010 


Mutual funds (MFs) sold shares worth a net Rs 571.10 crore on Wednesday, 6 January 2010 as against a meager inflow of Rs 43.40 crore on 5 January 2010.

The net outflow of Rs 571.10 crore on 6 January 2010 was a result of gross purchases Rs 654.40 crore and gross sales Rs 1225.50 crore. The BSE Sensex rose 14.89 points or 0.08% at 17,701.13 on that day.

MFs sold shares worth net Rs 725.30 crore in January 2010 (till 6 January 2010). MFs sold shares worth net Rs 1761.90 crore in December 2009.