Mutual funds pressed sales in equities for a third day in a row on Thursday, 22 May 2008. Mutual funds sold shares worth a net Rs 92.20 crore Thursday, compared to outflow of Rs 44.50 crore on Wednesday, 21 May 2008. Mutual funds had pressed sales worth a net Rs 488.70 crore on Tuesday, 20 May 2008.
Mutual funds outflow of Rs 92.20 crore on Thursday, 22 May 2008, was a result of gross purchases Rs 548.80 crore and gross sales Rs 640.90 crore. Sensex lost 336.05 points or 1.95% at 16,907.11 on that day.
Mutual funds outflow reached Rs 728.30 crore in the month of May 2008, till 22 May 2008. Mutual funds had sold shares worth a net Rs 111.50 crore in April 2008. They had offloaded shares worth Rs 1971.30 crore in March 2008.
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