Foreign institutional investors (FIIs) sold shares worth a net Rs 4,477.06 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 1,412.05 crore in the Indian equity market on November 23, as per provisional data available on the NSE.

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In the month of October, FIIs sold shares worth a net Rs 25,572.19 crore while DIIs bought shares worth a net Rs 4,470.99 crore.

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On Monday, the BSE Sensex rose 198.44 points to 58,664.33, while the Nifty50 was up 86.80 points at 17,503.30 and formed a bullish candle on the daily charts as the closing was higher than opening levels. The broader markets also rebounded quite sharply after a steep fall in the past few sessions. The Nifty Midcap 100 and Smallcap 100 indices gained 1.76 percent and 1.91 percent, respectively.

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Asian markets are mixed today. The Hang Seng is up 0.08% while the Shanghai Composite gains 0.03%. The Nikkei 225 is off 0.58%.

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European markets finished mixed as of the most recent closing prices. The FTSE 100 gained 0.15%, while the DAX led the CAC 40 lower. They fell 1.11% and 0.85% respectively.

The US stock markets closed mixed on Tuesday as big technology stocks lost and companies that rely on consumer spending gained. The S&P 500 and the Dow Jones Industrial Average rose, while the tech-heavy Nasdaq fell.

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.