Foreign institutional investors (FIIs) purchased shares worth a net Rs 902.64 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 803.11 crore in the Indian equity market on January 3, as per provisional data available on the NSE.
In the month of December 2021, FIIs sold shares worth a net Rs 35493.59 crore while DIIs bought shares worth a net Rs 31231.05 crore.
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Sensex rose 929.40 points or 1.60% to 59,183.22 and Nifty was up by 271.65 points or 1.57% to 17,625.70 in the previous session. Sensex touched high and low of 59,266.39 and 58,306.45, respectively and there were 25 stocks advancing against 5 stocks declining on the index while Nifty traded in a range of 17,646.65 and 17,383.30 and there were 44 stocks advancing against 6 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.
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.
