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Tuesday, December 02, 2014

Mutual funds turn sellers

Net outflow of Rs 130.40 crore on 1 December 2014

Mutual funds sold shares worth a net Rs 130.40 crore on Monday, 1 December 2014, compared to net inflow of Rs 235 crore on Friday, 28 November 2014. 

The net outflow of Rs 130.40 crore on 1 December 2014 was a result of gross purchases of Rs 850.50 crore and gross sales of Rs 980.90 crore. On that day, the Sensex fell 134.37 points or 0.47% to settle at 28,559.62, its lowest closing level since 27 November 2014. 

Mutual funds bought shares worth Rs 1676.90 crore in November 2014. They had purchased shares worth Rs 5939.70 crore in October 2014. 
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