Mutual funds bought shares worth a net Rs 381.50 crore on Tuesday, 29 April 2008, as compared to their sales of Rs 199.60 crore on Monday, 28 April 2008.

Mutual funds net inflow of Rs 381.50 crore on Tuesday, 29 April 2008, was a result of gross purchases Rs 1423.90 crore and gross sales Rs 1042.30 crore. Sensex vaulted 362.50 points or 2.13% at 17,378.46 on that day as the central banks annual monetary policy announced during trading hours was less hawkish than what the market had feared it to be.

Mutual funds bought Rs 160.70-crore more shares than they sold in April 2008, till 29 April 2008. Mutual funds had sold Rs 1971.30-crore more shares than they had bought in March 2008, probably to raise cash to meet possible redemption pressure following a sharp setback in share prices over the last two months

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