The foreign institutional investors (FIIs) bought shares worth a net Rs 23.19 crore, while domestic institutional investors (DIIs) sold shares worth a net Rs 322.34 crore in the Indian equity market on August 24, as per provisional data available on the NSE.  

Also Read| Indian government plans to sell at least 51% of IDBI Bank: Report

In the month of July 2022, FIIs sold shares worth a net Rs 6,567.71 crore while DIIs bought shares worth a net Rs 10,546.02 crore.

  Also Read| Adani Firms to buy 29.2% stake in NDTV, launch open offer for another 26%

The Sensex rose 54.13 points or 0.09% to 59,085.43 and the Nifty was up by 27.45 points or 0.16% to 17,604.95. on Wednesday.

Also Read| How stock markets have evolved since 1860s

The Sensex touched a high and low of 59,170.87 and 58,760.09, respectively. There were 15 stocks advancing against 15 stocks declining on the index.

Also Read| Harshad Mehta scam: How Big Bull shook the Indian stock market

The Nifty traded in a range of 17,623.65 and 17,499.25. There were 26 stocks advancing against 24 stocks declining on the index.

Also Read| Is it better to invest in real estate during surging inflation?

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.

Also Read| Where to invest during high inflation?

In India, this is a commonly used term to refer to outside entities contributing to the country’s financial markets by investing. 

Also Read| How post-pandemic markets have behaved historically

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.

Also Read| The 2008 market crash: Inside the doomsday machine and a brief history

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.