Foreign institutional investors (FIIs) sold shares worth a net Rs 1,951.17 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 1,445.39 crore in the Indian equity market on May 23, as per provisional data available on the NSE.

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In the month of April 2022, FIIs sold shares worth a net Rs 40,652.71 crore while DIIs bought shares worth a net Rs 29,869.52 crore.

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Sensex fell 37.78 points or 0.05% to 54,288.61 and Nifty was down by 51.45 points or 0.32% to 16,214.70 in the previous session.

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Sensex touched a high and low of 54,931.30 and 54,191.55, respectively. There were 20 stocks advancing against 10 stocks declining on the index.

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Nifty traded in a range of 16,414.70 and 16,185.75. There were 27 stocks advancing against 23 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.