The foreign institutional investors (FIIs) sold shares worth a net Rs 2290.31 crore, while domestic institutional investors (DIIs) purchased shares worth a net Rs 951.13 crore in the Indian equity market on September 1, as per provisional data available on the NSE.  

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In the month of August 2022, FIIs bought shares worth a net Rs 22,025.62 crore while DIIs sold shares worth a net Rs 7,068.63 crore.

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The Sensex dropped 770.48 points or 1.29% to 58,766.59 and the Nifty was down by 216.50 points or 1.22% to 17,542.80 on Thursday.

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The Sensex touched a high and low of 59,309.79 and 58,522.57, respectively. There were 7 stocks advancing against 23 stocks declining on the index.

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The Nifty traded in a range of 17,695.60 and 17,468.45. There were 13 stocks advancing against 37 stocks declining 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.