Friday, May 14, 2010

Mutual funds in buying mode

Net inflow of Rs 193.30 crore on 13 May 2010 

Mutual funds bought equities worth a net Rs 193.30 crore on Thursday, 13 May 2010, as against an outflow of Rs 128.30 crore on Wednesday, 12 May 2010. 

The net inflow of Rs 193.30 crore on Thursday, 13 May 2010 was a result of gross purchases Rs 826.50 crore and gross sales Rs 633.20 crore. The BSE 30-share Sensex rose 70.06 points or 0.41% to 17,265.87 on that day. 

Mutual funds' net outflow totaled Rs 681 crore in the first few days of May 2010 (till 13 May 2010). Mutual funds had offloaded stocks worth a net Rs 1410.40 crore in April 2010.