Mutual funds (MFs) sold stocks worth a net Rs 56 crore on 18 July 2016, compared with net outflow of Rs 121.40 crore on 15 July 2016. The net outflow of Rs 56 crore on 18 July 2016 was a result of gross purchases of Rs 1076.50 crore and gross sales of Rs 1132.50 crore. On that day, the Sensex lost 89.84 points or 0.32% to settle at 27,746.66, its lowest closing level since 11 July 2016.
Mutual funds have bought shares worth a net Rs 35.50 crore in this month so far (till 18 July 2016). They sold shares worth a net Rs 85.90 crore last month.