Foreign institutional investors (FIIs) purchased shares worth a net Rs 1,357.47 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 1,216 crore in the Indian equity market on March 30, as per provisional data available on the NSE.

In the month of February 2022, FIIs sold shares worth a net Rs 45,720.07 crore while DIIs bought shares worth a net Rs 42,084.07 crore.

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Sensex rose 740.34 points or 1.28% to 58,683.99 and Nifty was up by 172.95 points or 1.00% to 17,498.25 in the previous session. Sensex touched a high and low of 58,727.78 and 58,176.00, respectively. There were 21 stocks advancing against 9 stocks declining on the index. Nifty traded in a range of 17,522.50 and 17,387.20. There were 32 stocks advancing against 18 stocks declining on the index.

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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.

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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.

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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.