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Wednesday, May 21, 2014

Mutual funds extend sales

Net outflow of Rs 528.60 crore on 20 May 2014

Mutual funds (MFs) sold shares worth a net Rs 528.60 crore on Tuesday, 20 May 2014, which was higher compared with net outflow of Rs 287.40 crore on Monday, 19 May 2014. 

The net outflow of Rs 528.60 crore on 20 May 2014 was a result of gross purchases of Rs 747.70 crore and gross sales of Rs 1276.30 crore. The S&P BSE Sensex garnered 13.83 points or 0.06% to settle at 24,376.88 on that day, a record closing high for the index. 

Mutual funds have sold shares worth a net Rs 1,179.39 crore in this month so far (till 20 May 2014)
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