Mutual Funds in buying mode

Against an outflow of Rs 31.30 on 3 November 2009, mutual funds (MFs) bought shares worth a net Rs 386.30 crore on 4 November 2009.

However, MFs' inflow of Rs 386.30 crore on 4 November 2009 was a result of gross purchases Rs 958 crore and gross sales Rs 571.70 crore while the BSE Sensex surged 507.19 points or 3.29% to 15,912.13.

On the other hand, MFs bought shares worth a net Rs 355 crore in November 2009 whereas it had sold shares worth a net Rs 5,194.30 crore in October 2009.