Foreign institutional investors (FIIs) offloaded Indian equities worth net Rs 3,356.2 crore on Friday. However, domestic institutional investors made purchases of net Rs 1,648.8 crore, according to provisional exchange data.

In the month of November, FIIs sold shares worth a net Rs 39,901.92 crore while DIIs bought shares worth a net Rs 30,560.27 crore.

The Sensex fell 764.83 points or 1.31% to 57,696.46 and the Nifty was down by 204.95 points or 1.18% to 17,196.70. The Sensex touched high and low of 58,757.09 and 57,640.57, respectively and there were 4 stocks advancing against 26 stocks declining on the index while the Nifty traded in a range of 17,489.80 and 17,180.80 and there were 12 stocks advancing against 28 stocks declining on the index.

The broader indices ended mixed; the BSE Midcap index fell 0.01%, while the Small cap index was up by 0.33%. The top gaining sectoral indices on the BSE were Capital Goods up by 0.76%, Industrials up by 0.30%, and Basic Materials up by 0.22%, while Energy down by 2.30%, Bankex down by 1.00%, FMCG down by 1.00%, Finance down by 0.93% and Healthcare down by 0.79% were the top losing indices on BSE.

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. 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.

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.