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Wednesday, June 11, 2014

Mutual funds resort to substantial selling of shares

Net outflow of Rs 556 crore on 10 June 2014

Mutual funds (MFs) sold shares worth a net Rs 556 crore on Tuesday, 10 June 2014, compared with inflow of Rs 1.90 crore on Monday, 9 June 2014. 

The net outflow of Rs 556 crore on Tuesday, 10 June 2014, was a result of gross purchases of Rs 771.60 crore and gross sales of Rs 1327.60 crore. The S&P BSE Sensex had risen 3.48 points or 0.01% to settle at 25,583.69 on that day, a record closing high for the index. 

Mutual funds have sold shares worth a net Rs 802.40 crore in this month so far (till 10 June 2014). Mutual funds bought shares worth a net Rs 105.60 crore in May 2014.
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