Thursday, August 05, 2010

Mutual funds step up selling

Outflow of Rs 127.70 crore on 4 August 2010 

Mutual funds (MFs) sold shares worth a net Rs 127.70 crore on Wednesday, 4 August 2010 much higher than Rs 27.30 crore on Tuesday, 3 August 2010. 

The net outflow of Rs 127.70 crore on 4 August 2010 was a result of gross purchases Rs 573.70 crore and gross sales Rs 701.40 crore. The BSE Sensex rose 102.61 points or 0.57% to 18,217.44 on that day. 

MFs sold shares worth net Rs 120.60 crore in August 2010 (till 4 August 2010). Mutual funds had sold equities worth a net Rs 4405.30 crore in July 2010.