Monday, May 17, 2010

Mutual funds in selling mode

Outflow of Rs 205.50 crore on 14 May 2010 

Mutual funds (MFs) sold shares worth a net Rs 205.50 crore on Friday, 14 May 2010, as against an inflow of Rs 193.30 on Thursday, 13 May 2010. 

The net outflow of Rs 205.50 crore on 14 May 2010 was a result of gross purchases Rs 592.10 crore and gross sales Rs 797.60 crore. The BSE Sensex fell 271.27 points or 1.57% to 16994.60 on that day. 

MFs sold shares worth net Rs 886.40 crore in May 2010 (till 14 May 2010). MFs had sold shares worth net Rs 1410.40 crore in April 2010.