Foreign institutional investors (FIIs) sold shares worth a net Rs 2,353.77 crore, while domestic institutional investors (DIIs) purchased shares worth a net Rs 2,213.44 crore in the Indian equity market on June 24, as per provisional data available on the NSE.  

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In the month of May 2022, FIIs sold shares worth a net Rs 54,292.47 crore while DIIs bought shares worth a net Rs 50,835.54 crore.

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Sensex rose 462.26 points or 0.88% to 52,727.98 and Nifty was up by 142.60 points or 0.92% to 15,699.25 on Friday.

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Sensex touched a high and low of 52,909.87 and 52,447.25, respectively. There was 23 stock advancing against 7 stocks declining on the index.

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Nifty traded in a range of 15,749.25 and 15,619.45. 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.