Mutual funds in buying mode in equities

Mutual funds (MFs) bought shares worth Rs 291.30 crore on Friday, 13 July 2007. They had bought shares worth a net Rs 116.80 crore on Thursday 12 July 2007. Mutual funds' net inflow of Rs 291.30 crore on 13 July 2007 was a result of gross purchases of Rs 1218.80 crore and gross sales Rs 927.50 crore. The 30-share BSE Sensex surged 180.68 points to 15,272.72, an all-time closing high on that day. Mutual funds sold equities worth Rs 548.30 crore in the first few days of July, till 13 July 2007.Mutual funds had pumped in Rs 9062.34 crore in Indian equity market in the financial year ended March 2007.