Foreign institutional investors (FIIs) sold shares worth a net Rs 1,278.42 crore, while domestic institutional investors (DIIs) purchased shares worth a net Rs 1,184.47 crore in the Indian equity market on June 27, as per provisional data available on the NSE.  

Also Read| Week ahead: Global cues, rupee movement to weigh on Sensex, Nifty

In the month of May 2022, FIIs sold shares worth a net Rs 54,292.47 crore while DIIs bought shares worth a net Rs 50,835.54 crore.

Also Read| Week in review: Sensex, Nifty rise amid positive cues from global peers

Sensex climbed 433.30 points or 0.82% to 53,161.28 and Nifty was up by 132.80 points or 0.85% to 15,832.05. 

Also Read| Impact of US Feds’ biggest rate hike since 1994 on India

Sensex touched a high and low of 53,509.50 and 53,120.79, respectively. There were 27 stocks advancing against 3 stocks declining on the index. 

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

Nifty traded in a range of 15,927.45 and 15,815.50. There were 38 stocks advancing against 11 stocks declining, while 1 stock remains unchanged on the index.

Also Read| Explained: Changes in repo rates and their impact on stock market

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| Explained: Impact of MPC meeting on stock market

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 US Fed rate hike impacts the Indian rupee

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| Bitcoin logo: Who designed it, know its 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.