Foreign institutional investors (FIIs) sold shares worth a net Rs 1,001.57 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 1,332.01 crore in the Indian equity market on January 12, as per provisional data available on the NSE.

In the month of December 2021, FIIs sold shares worth a net Rs 35,493.59 crore while DIIs bought shares worth a net Rs 31,231.05 crore.

Also Read| NSE F&O Ban: SAIL, Vodafone Idea, RBL Bank and others under ban today

Sensex rose 533.15 points or 0.88% to 61,150.04 and the Nifty was up by 156.60 points or 0.87% to 18,212.35 in the previous session. Sensex touched high and low of 61,218.19 and 60,850.93, respectively and there were 24 stocks advancing against 6 stocks declining on the index while Nifty traded in a range of 18,227.95 and 18,128.80 and there were 35 stocks advancing against 15 stocks declining on the index.

Also Read| Bulk Deals: KBC Eco sold NCC shares, Emkay purchased stake in Shri Ram Switchgears

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.

Also Read| Trending Stocks: TCS, Wipro, Infosys, Federal Bank and others in news today

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.