Mutual funds turn sellers in equities

Mutual funds (MFs) sold shares worth Rs 5.20 crore on Tuesday, 7 August 2007. They had bought shares worth a net Rs 47.90 crore on Monday, 6 August 2007.Mutual funds' net outflow of Rs 5.20 crore on 7 August 2007 was a result of gross purchases of Rs 345.90 crore and gross sales of Rs 351.20 crore. The BSE 30-share Sensex rose 29.74 points or 0.20% at 14,932.77 on that day. Mutual funds bought shares worth Rs 144.39 crore in the first few days in the month of August 2007, till 7 August 2007. 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.