Mutual funds step up buying

On 5 January 2009, mutual funds (MFs) purchased shares worth a net Rs 185.80 crore, higher than Rs 72.20 crore on 2 January 2009. MFs' net inflow on 5 January 2009 of Rs 185.80 crore was a result of gross purchases Rs 723 crore and gross sales Rs 537.20 crore. The BSE Sensex surged 317.38 points, or 3.19%, to 10,275.60 on that day. MFs were net buyers of shares worth Rs 303.30 crore in this month, till 5 January 2009.