Mutual funds restart buying of equities

Mutual funds (MFs) bought shares worth Rs 48.30 crore on Monday, 6 August 2007. They had bought shares worth a net Rs 256.80 crore on Friday, 3 August 2007. Mutual funds' net inflow of Rs 48.30 crore on 6 August 2007 was a result of gross purchases of Rs 395.90 crore and gross sales of Rs 347.60 crore. The BSE 30-share Sensex lost 235.37 points or 1.55% at 14,903.03 on that day. Mutual funds sold equities worth Rs 900.60 crore in the month of July 2007. Mutual funds had pumped in Rs 9062.34 crore in Indian equity market in the financial year ended March 2007.