Mutual funds (MFs) dumped shares worth a net Rs 587.80 crore on July 6, 2009. The market had tumbled that day after presentation of the Union Budget by the Finance Minister Pranab Mukherjee. The Monday's outflows by mutual funds were in contrast to purchases worth Rs 303.80 on Friday, July 3, 2009.
The net outflow of MFs stood at Rs 587.80 crore on July 6, 2009 and this was a result of gross purchases Rs 949.20 crore and gross sales Rs 1,537 crore. The BSE Sensex tanked 869.65 points or 5.83% to 14,043.40 on that day. MFs were net sellers of shares worth Rs 657.10 crore in July 2009 (till 6 July 2009).
The Mutual funds bought shares worth a net Rs 839.30 crore in June 2009 as they put funds received from investors to use.
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