Foreign institutional investors (FIIs) offloaded Indian equities worth net Rs 5,785.8 crore on Friday. However, domestic institutional investors made purchases of net Rs 2,294.1 crore, according to provisional exchange data.

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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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The BSE Sensex fell 1687.94 points or 2.87% to 57,107.15 on Friday while the Nifty was down by 509.80 points or 2.91% to 17,026.45. The broader indices ended in red; the BSE Midcap index fell 3.23%, while the Small cap index was down by 2.61%. The lone gaining sectoral indices on the BSE were Healthcare up by 1.18%, while Realty down by 6.42%, Metal down by 5.36%, Auto down by 4.28%, Basic Materials down by 4.03%, and Industrials down by 3.92% were the top losing indices on 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.

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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.

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