Foreign institutional investors (FIIs) sold shares worth a net Rs 2,069.90 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 1,478.52 crore in the Indian equity market on December 17, 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.

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Sensex fell 889.40 points or 1.54% to 57,011.74 and the Nifty was down by 263.20 points or 1.53% to 16,985.20 in the previous session.  Sensex touched high and low of 58,062.28 and 56,950.98, respectively and there were 5 stocks advancing against 25 stocks declining on the index while Nifty traded in a range of 17,298.15 and 16,966.45 and there were 5 stocks advancing against 45 stocks declining on the index.    

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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.