The foreign institutional investors (FIIs) bought shares worth a net Rs 2347.22 crore, while domestic institutional investors (DIIs) sold shares worth a net Rs 510.23 crore in the Indian equity market on August 17, as per provisional data available on the NSE.  

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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.

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The Sensex jumped 417.92 points or 0.70% to 60,260.13 and the Nifty was up by 119.00 points or 0.67% to 17,944.25 on Wednesday.

The Sensex touched a high and low of 60,323.25 and 59,857.80, respectively. There were 23 stocks advancing against 7 stocks declining on the index. 

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The Nifty traded in a range of 17,965.95 and 17,833.35. There were 33 stocks advancing against 17 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.

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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.