Foreign institutional investors (FIIs) offloaded Indian equities worth net Rs 3,361.3 crore on Monday. However, domestic institutional investors made purchases worth net Rs 1,701.6 crore, according to provisional exchange data.

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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.

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Sensex fell 949.32 points or 1.65% to 56,747.14 and the Nifty was down by 284.45 points or 1.65% to 16,912.25. The Sensex touched high and low of 57,781.46 and 56,687.62, respectively and all 30 stocks declined on the index while the Nifty traded in a range of 17,216.75 and 16,891.70 and there was 1 stock advancing against 49 stocks declining on the index.

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The broader indices ended in red; the BSE Midcap index fell 1.35%, while the Small cap index was down by 1.35%. The top losing sectoral indices on the BSE were IT down by 2.49%, TECK down by 2.44%, Telecom down by 1.98%, Energy down by 1.92%, and Healthcare down by 1.78%, while there were no gaining sectoral indices on the BSE.

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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. 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.