Foreign institutional investors (FIIs) bought shares worth a net Rs 309.06 crore, while domestic institutional investors (DIIs) offloaded shares worth a net Rs 556.4 crore in the Indian equity market on July 14, as per provisional data available on the NSE.  

Also Read| India’s WPI inflation eases to 15.18% in June from record high of 15.88% in May

In the month of June 2022, FIIs sold shares worth a net Rs 58,112.37 crore while DIIs bought shares worth a net Rs 46,599.23 crore.

Also Read| Retail inflation drops marginally to 7.01% in June

The Sensex slipped 98.00 points or 0.18% to 53,416.15 and the Nifty was down by 28.00 points or 0.18% to 15,938.65. 

Also Read| US inflation hits 9.1% in June, highest in 40 years

The Sensex touched a high and low of 53,861.28 and 53,163.77, respectively. There were 12 stocks advancing against 18 stocks declining on the index.

Also Read| Explained: Why has RBI allowed international trade settlement in Rupee

Nifty traded in a range of 16,070.85 and 15,858.20. There were 21 stocks advancing against 29 stocks declining on the index.

Also Read| Why US inflation is going up and when will it come down

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| US inflation rate at a 40-year high | A timeline: 1930-2022

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

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

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| Great Depression to COVID: Top 5 market crashes in American 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.