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Thursday, August 26, 2010

Mutual funds continue selling

Net outflow of Rs 419.10 crore on 25 August 2010 

Mutual funds dumped shares worth a net Rs 419.10 crore on Wednesday, 25 August 2010, compared to a net outflow of Rs 715.60 crore on Tuesday, 24 August 2010. 

The net outflow of Rs 419.10 crore on 25 August 2010 was a result of gross purchases Rs 438 crore and gross sales Rs 857.10 crore. The BSE 30-share Sensex lost 131.95 points or 0.72% to 18,179.64 on that day, as concerns over the pace of the global economic recovery hurt sentiment across global equity markets. 

Mutual funds have dumped shares worth a net Rs 2868.20 crore in this month so far, till 25 August 2010. Mutual funds had offloaded stocks worth a net Rs 4405.30 crore last month.
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