Foreign institutional investors (FIIs) sold shares worth a net Rs 1,981.15 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 945.71 crore in the Indian equity market on March 10, as per provisional data available on the NSE.
In the month of February 2022, FIIs sold shares worth a net Rs 45,720.07 crore while DIIs bought shares worth a net Rs 42,084.07 crore.
Sensex rose 817.06 points or 1.50% to 55,464.39 and Nifty was up by 249.55 points or 1.53% to 16,594.90 in the previous session. Sensex touched high and low of 56,242.47 and 54,982.82, respectively. There were 27 stocks advancing against 3 stocks declining on the index. Nifty traded in a range of 16,757.30 and 16,447.90. There were 43 stocks advancing against 7 stocks declining on the index.
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. In India, this is a commonly used term to refer to outside entities contributing to the country’s financial markets by investing.
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.
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.