Foreign institutional investors (FIIs) sold shares worth a net Rs 925.22 crore, while domestic institutional investors (DIIs) purchased shares worth a net Rs 980.59 crore in the Indian equity market on July 7, 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.

Sensex jumped 427.49 points or 0.80% to 54,178.46 and Nifty was up by 143.10 points or 0.89% to 16,132.90.

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Sensex touched a high and low of 54,254.79 and 53,927.26, respectively. There were 21 stocks advancing against 9 stocks declining on the index.

Nifty traded in a range of 16,150.50 and 16,045.95. There were 38 stocks advancing against 12 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.

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.