Tuesday, March 08, 2011

Mutual funds in selling mode

Outflow of Rs 3.70 crore on 4 March 2011 

Mutual funds (MFs) sold shares worth a net Rs 3.70 crore on Friday, 4 March 2011, as against an inflow of Rs 46.50 crore on Thursday, 3 March 2011. 

The net outflow of Rs 3.70 crore on 4 March 2011 was a result of gross purchases Rs 512.80 crore and gross sales Rs 516.50 crore. The BSE Sensex had fallen 3.31 points or 0.02% to settle at 18,486.45 on that day. 

MFs bought shares worth net Rs 455.70 crore in March 2011 (till 4 March 2011). Mutual funds had bought equities worth a net Rs 1427.10 crore in February 2011.