Foreign institutional investors (FIIs) sold shares worth a net Rs 2,074.74 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 2,229.31 crore in the Indian equity market on May 5, 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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The Sensex gained 33.20 points, or 0.06 % to 55,702.23, while the Nifty gained 5.05 points, or 0.03%, to 16,682.65 in the previous session.

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The Sensex reached highs of 56,566.80 and lows of 55,613.82, respectively. On the index, there were 14 stocks that advanced and 16 stocks that declined.

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The Nifty traded between 16,651.85 and 16,945.70. On the index, there were 21 stocks that advanced and 29 stocks that declined.

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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.