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Mutual funds step up selling

Capital Market/ 09:01 , Jan 18, 2014

Net outflow of Rs 312 crore on 16 January 2014

Mutual funds (MFs) sold shares worth a net Rs 312 crore on Thursday, 16 January 2014, higher than net outflow of Rs 197.90 crore on Wednesday, 15 January 2014.

The net outflow of Rs 312 crore on Thursday, 16 January 2014, was a result of gross purchases of Rs 383.30 crore and gross sales of Rs 695.20 crore. The S&P BSE Sensex had shed 24.31 points or 0.11% to settle at 21,265.18 on that day, its lowest closing level since 14 January 2014.

Mutual funds have sold shares worth a net Rs 1371 crore in this month so far (till 16 January 2014).

 



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