Foreign institutional investors (FIIs) sold shares worth a net Rs 2,765.84 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 3,467.02 crore in the Indian equity market on December 1, as per provisional data available on the NSE.

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 BSE Sensex rallied 619.92 points or 1.09% to 57,684.79 in the previous session while the Nifty50 climbed 183.70 points or 1.08% to 17,166.90 and formed a bullish candle on the daily charts.

The broader indices ended in the green. BSE Midcap index rose 1.00%, while the Small cap index was up by 0.27%. The top gaining sectoral indices on the BSE were Metal up by 2.40%, Energy up by 1.97%, Bankex up by 1.76%, Auto up by 1.47% and Finance up by 1.43%, while Healthcare down by 1.43%, Consumer Durables down by 0.51% and Telecom down by 0.29% 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.