Foreign institutional investors (FIIs) sold shares worth a net Rs 2324.74 crore, while domestic institutional investors (DIIs) purchased shares worth a net Rs 1310.71 crore in the Indian equity market on July 1, as per provisional data available on the NSE.  

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In the month of June 2022, FIIs sold shares worth a net Rs 58,112.37 crore while DIIs bought shares worth a net Rs 46,599.23 crore.

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Sensex dropped 111.01 points or 0.21% to 52,907.93 and Nifty was down by 28.20 points or 0.18% to 15,752.05 in the previous session.

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Sensex touched a high and low of 53,053.04 and 52,094.25, respectively. There were 22 stocks advancing against 8 stocks declining on the index.

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Nifty traded in a range of 15,793.95 and 15,511.05. There were 39 stocks advancing against 11 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.