Foreign institutional investors (FIIs) sold shares worth a net Rs 3,257.65 crore, while domestic institutional investors (DIIs) purchased shares worth a net Rs 1,929.14 crore in the Indian equity market on June 16, 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 slipped 1045.60 points or 1.99% to 51,495.79 and Nifty was down by 331.55 points or 2.11% to 15,360.60 in the previous session.

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Sensex touched high and lows of 53,142.50 and 51,425.48, respectively. There was 1 stock advancing against 29 stocks declining on the index.

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Nifty traded in a range of 15,863.15 and 15,335.10. There were 2 stocks advancing against 48 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.