Mutual funds in selling mode in equities

Mutual funds (MFs) sold shares worth Rs 221 crore on Monday 2 July 2007. They had bought shares worth a net Rs 150.90 crore on Friday 29 June 2007. Mutual funds' net outflow of Rs 221 crore on 2 July 2007 was a result of gross purchases of Rs 414.70 crore and gross sales Rs 635.70 crore. The BSE 30-share Sensex rose 13.75 points to 14,664.25, an all time closing high, on that day. Mutual funds had pumped in Rs 9062.34 crore in Indian equity market in the financial year ended March 2007