Foreign institutional investors (FIIs) sold shares worth a net Rs 6,387.45 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 3,341.96 crore in the Indian equity market on April 18, as per provisional data available on the NSE. 

Also Read| Trade Setup: Top 15 things to know before market opens on April 19, 2022

In the month of March 2022, FIIs sold shares worth a net Rs 43,281.31 crore while DIIs bought shares worth a net Rs 39,677.03 crore.

Also Read| India’s sugar exports touch $4.6 billion in 2021-22, grows 291% since 2012-14

Sensex fell 1172.19 points or 2.01% to 57,166.74 and Nifty was down by 302.00 points or 1.73% to 17,173.65 in the previous session.

Also Read| Wipro appoints former KPMG executive Satya Easwaran as India chief

Sensex touched a high and low of 57,420.80 and 56,842.39, respectively. There were 10 stocks advancing against 20 stocks declining on the index.

Also Read| Mindtree Q4 results: Net profit rises 49% YoY, firms declares Rs27 dividend

Nifty traded in a range of 17,237.75 and 17,067.85. There were 24 stocks advancing against 26 stocks declining on the index.

Also Read| How India’s new crypto tax impacts investors

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. In India, this is a commonly used term to refer to outside entities contributing to the country’s financial markets by investing. 

Also Read| Sugar stocks rush: Why Indian investors are high on ethanol

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.

Also Read| Why US inflation is going up and when will it come down

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.