Foreign institutional investors (FIIs) sold shares worth a net Rs 6,448.24 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 7,667.75 crore in the Indian equity market on February 24, as per provisional data available on the NSE.

In the month of January 2022, FIIs sold shares worth a net Rs 41,346.35 crore while DIIs bought shares worth a net Rs 21,928.40 crore.

Sensex declined 2,702.15 points or 4.72% to 54,529.91 and Nifty was down by 815.30 points or 4.78% to 16,247.95 in the previous session. Sensex touched high and low of 55,996.09 and 54,383.20, respectively. All the 30 stocks declined on the index. Nifty traded in a range of 16,705.25 and 16,203.25 with all the 50 stocks declining on the index.

FII stands for ‘foreign institutional investor,’ and refers to an investment fund or an investor who puts their money into a country’s assets while being headquartered outside of it. In India, this is a commonly used term to refer to outside entities contributing to the country’s financial markets by investing.

On the other hand, ‘DII’ stands for ‘domestic institutional investors.’ Unlike FIIs, DIIs are investors that invest in the financial assets and securities of the country they are currently residing in.

These investment decisions of both FIIs and DIIs are impacted by political and economic trends. Additionally, both types of investors — foreign institutional investors (FIIs) and domestic institutional investors (DIIs) —  can impact the economy’s net investment flows.