Mutual funds resume buying of equities

Mutual funds (MFs) bought shares worth Rs 256.80 crore on Friday, 3 August 2007. They had sold shares worth a net Rs 7.30 crore on Thursday, 2 July 2007. Mutual funds' net inflow of Rs 256.80 crore on 3 August 2007 was a result of gross purchases of Rs 558.30 crore and gross sales of Rs 301.50 crore. The BSE 30-share Sensex advanced 152.70 points or 1.02% at 15,138.40 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.