Mutual funds in selling mode in equities

Mutual funds (MFs) sold shares worth Rs 103 crore on Tuesday, 17 July 2007. They had sold shares worth a net Rs 371.90 crore on Monday, 16 July 2007.Mutual funds' net outflow of Rs 103 crore on 17 July 2007 was a result of gross purchases of Rs 803.50 crore and gross sales Rs 906.50 crore. The BSE 30-share Sensex lost 21.40 points or 0.14% at 15,289.82 on that day.Mutual funds sold equities worth Rs 1017.9 crore in the first few days of July, till 17 July 2007. Mutual funds had pumped in Rs 9062.34 crore in Indian equity market in the financial year ended March 2007.