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Tuesday, October 21, 2014

Mutual funds in selling mode

Net outflow of Rs 256.70 crore on 20 October 2014

Mutual funds sold shares worth a net Rs 256.70 crore on Monday, 20 October 2014, compared with net inflow of Rs 697.80 crore on Friday, 17 October 2014. 

The net outflow of Rs 256.70 crore on 20 October 2014 was a result of gross purchases of Rs 1160.90 crore and gross sales of Rs 1417.50 crore. The S&P BSE Sensex jumped 321.32 points or 1.23% to settle at 26,429.85 on that day, its highest closing level since 9 October 2014. 

Mutual funds have bought shares worth Rs 3489.90 crore in October 2014 (till 20 October 2014). Mutual funds purchased shares worth a net Rs 4171.50 crore in September 2014. 
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