Monday, April 19, 2010

Mutual funds offload stocks worth Rs 1835.50 crore in April 2010

Outflow of Rs 292.90 crore on 16 April 2010 

Mutual funds (MFs) sold shares worth a net Rs 292.90 crore on Friday, 16 April 2010, lower than Rs 228.90 crore on Thursday, 15 April 2010. 

The net outflow of Rs 292.90 crore on 16 April 2010 was a result of gross purchases Rs 528.50 crore and gross sales Rs 821.40 crore. The BSE Sensex fell 48.08 points or 0.27% to 17,591.18 on that day. 

MFs sold shares worth net Rs 1835.50 crore in April 2010 (till 16 April 2010). MFs had sold shares worth net Rs 4,082.30 crore in March 2010.