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Friday, January 30, 2015

Mutual funds step up selling

Net outflow of Rs 649.30 crore on 29 January 2015

Mutual funds sold shares worth a net Rs 649.30 crore on Thursday, 29 January 2015, compared with net outflow of Rs 337.20 crore on Wednesday, 28 January 2015. 

The net outflow of Rs 649.30 crore on 29 January 2015 was a result of gross purchases of Rs 968.70 crore and gross sales of Rs 1618.10 crore. On that day, the S&P BSE Sensex rose 122.59 points or 0.41% to settle at 29,681.77, a record closing high. 

Mutual funds have bought shares worth Rs 270.50 crore in this month so far (till 29 January 2015). Mutual funds had bought shares worth Rs 7036.90 crore in December 2014. 
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