Tuesday, May 11, 2010

Mutual funds in selling mode

Outflow of Rs 13.70 crore on 7 May 2010 

Mutual funds (MFs) sold shares worth a net Rs 13.70 crore on Friday, 7 May 2010, as against an inflow of Rs 32.80 crore on Thursday, 6 May 2010. 

The net outflow of Rs 13.70 crore on 7 May 2010 was a result of gross purchases Rs 589.10 crore and gross sales Rs 602.80 crore. The BSE Sensex fell 218.42 points or 1.29% to 16,769.11 on that day. 

MFs sold shares worth net Rs 657 crore in May 2010 (till 7 May 2010). MFs had offloaded shares worth net Rs 1410.40 crore in April 2010.