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Mutual funds step up selling
Source: Capital Market, Wednesday, February 22nd, 05:08 PM
Mutual funds (MFs) sold shares worth Rs 337.50 crore on Tuesday, 21 February 2012, much higher than outflow of Rs 14.10 crore on Friday, 17 February 2012.
The net outflow of Rs 337.50 crore on 21 February 2012 was a result of gross purchases Rs 634.10 crore and gross sales Rs 971.60 crore. The BSE Sensex had jumped 139.26 points, or 0.76% to settle at 18,428.61 on that day, its highest closing level since 27 July 2011.
Mutual funds have sold shares worth Rs 1681.60 crore in February 2012 so far (till 21 February 2012). They had sold shares worth Rs 1858.40 crore in January 2012.
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