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Mutual funds continue selling

Capital Market/ 17:28 , Aug 14, 2012

Outflow of Rs 66 crore on 13 August 2012

Mutual funds (MFs) sold shares worth a net Rs 66 crore on Monday, 13 August 2012, compared with outflow of Rs 322.80 crore on Friday, 10 August 2012.

The net outflow of Rs 66 crore on Monday, 13 August 2012, was a result of gross purchases Rs 357.80 crore and gross sales Rs 423.80 crore. The BSE Sensex had jumped 75.71 points or 0.43% to settle at 17,633.45 on that day, its highest closing level since 15 March 2012.

Mutual funds have sold shares worth net Rs 902.10 crore in August 2012 so far (till 13 August 2012). Mutual funds had offloaded shares worth net Rs 1969.20 crore in July 2012.

 



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