Friday, February 20, 2009

Mutual funds' selling slows down

On 18 February 2009, mutual funds (MFs) sold shares worth a net Rs 107.40 crore, much lower than Rs 483.40 crore on 17 February 2009. MFs' net outflow of Rs 107.40 crore on 18 February 2009 was a result of gross purchases Rs 240.30 crore and gross sales Rs 347.70 crore. The BSE Sensex lost 19.82 points or 0.22%, to 9,015.18 on 17 February. MFs were net seller of shares worth Rs 1582.50 crore in this month, till 18 February 2009.

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