Foreign institutional investors (FIIs) sold shares worth a net Rs 1,788.93 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 1,428.39 crore in the Indian equity market on May 16, as per provisional data available on the NSE.

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In the month of April 2022, FIIs sold shares worth a net Rs 40,652.71 crore while DIIs bought shares worth a net Rs 29,869.52 crore.

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Sensex rose 180.22 points or 0.34% to 52,973.84 and Nifty was up by 60.15 points or 0.38% to 15,842.30 in the previous session. Sensex touched a high and low of 53,428.28 and 52,632.48, respectively. There were 18 stocks advancing against 12 stocks declining on the index. Nifty traded in a range of 15,977.95 and 15,739.65. There were 33 stocks advancing against 16 stocks declining, while 1 stock remained unchanged 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.