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Domestic MFs sell shares worth Rs 9,000 cr in Oct-Dec quarter

According to global research report by BofA-Merrill Lynch, domestic mutual funds (MF) sold shares worth Rs 9,000 crore (about USD 1.65 billion) during the October-December quarter 2012, while they acquired shares to the tune of Rs 3,455 crore (about USD 633 million) during the same period.

MFs turn net seller in Q2; offload shares worth $1.2 bn

Domestic mutual funds seem to have taken a bearish stance in the stock market during the last quarter, when they offloaded shares worth about USD 1.2 billion (Rs 6,625 crore) despite a significant uptrend in the overall market and impressive buying by foreign investors.