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Monday, September 29, 2014

Mutual funds step up buying

Net inflow of Rs 1300.70 crore on 26 September 2014

Mutual funds made substantial purchases of Indian stocks on Friday, 26 September 2014, as per the latest data released by the Securities & Exchange Board of India (Sebi). Mutual funds bought shares worth a net Rs 1300.70 crore on Friday, 26 September 2014, which was much higher than their purchases of Rs 440 crore Thursday, 25 September 2014. 

The net inflow of Rs 1300.70 crore on 26 September 2014 was a result of gross purchases of Rs 1766.50 crore and gross sales of Rs 465.80 crore. The S&P BSE Sensex had risen 157.96 points or 0.6% to settle at 26,626.32 on that day, its highest closing level since 24 September 2014. 

Mutual funds have bought shares worth a net Rs 3228.30 crore in this month so far (till 26 September 2014). They had purchased shares worth a net Rs 6957.40 crore last month. 
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