Mutual funds (MFs) bought shares worth a net Rs 266.20 crore on Tuesday, 30 August 2011, compared with an inflow of Rs 49 crore on Monday, 29 August 2011.
The net inflow of Rs 266.20 crore on 30 August 2011 was a result of gross purchases Rs 752.50 crore and gross sales Rs 486.30 crore. The BSE Sensex had jumped 260.42 points or 1.59% to settle at 16,676.75 on that day, its highest closing level since 17 August 2011.
Mutual funds have bought shares worth a net Rs 2523.90 crore in August 2011. They had bought stocks worth a net Rs 652.20 crore last month.
Source: http://www.adityabirlamoney.com/news/504037/10/22,24/Mutual-Funds-Reports/MFs-step-up-buying
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