Mutual funds turn net buyers in May 2011

Mutual funds turn net buyers in May 2011 - Inflow of Rs. 286.40 crore on 27 May 2011 : Mutual funds (MFs) bought shares worth a net Rs. 286.40 crore on Friday, 27 May 2011, compared with an inflow of Rs. 216 crore on Thursday, 26 May 2011.

The net inflow of Rs. 286.40 crore on 27 May 2011 was a result of gross purchases Rs. 681.30 crore and gross sales Rs. 394.80 crore. The BSE Sensex had risen 221.46 points or 1.23% to settle at 18,266.10 on that day, its highest closing level since 20 May 2011.

MFs bought shares worth net Rs. 201.10 crore in May 2011 (till 27 May 2011). Mutual funds had sold equities worth a net Rs. 463.70 crore in April 2011. (source : www.indiainfoline.com ) For the latest updates PRESS CTR + D or visit Stock Market news Today

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