Wednesday, August 04, 2010

Mutual funds in selling mode

Outflow of Rs 27.30 crore on 3 August 2010 

Mutual funds (MFs) sold shares worth a net Rs 27.30 crore on Tuesday, 3 August 2010, as against an inflow of Rs 34.50 crore on Monday, 2 August 2010. 

The net outflow of Rs 27.30 crore on 3 August 2010 was a result of gross purchases Rs 577.80 crore and gross sales Rs 605.10 crore. The BSE Sensex rose 33.62 points or 0.19% to 18,114.83 on that day. 

MFs bought shares worth net Rs 7.10 crore in the first two trading sessions this month. Mutual funds had sold equities worth a net Rs 4405.30 crore in July 2010.