Foreign institutional investors (FIIs) sold shares worth a net Rs 2,704.77 crore, while domestic institutional investors (DIIs) offloaded shares worth a net Rs 195.07 crore in the Indian equity market on January 19, 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.

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Sensex fell 656.04 points or 1.08% to 60,098.82 and Nifty was down by 174.65 points or 0.96% to 17,938.40 in the previous session. Sensex touched high and low of 60,870.17 and 59,949.22, respectively and there were 8 stocks advancing against 22 stocks declining on the index while Nifty traded in a range of 18,129.20 and 17,884.90 and there were 15 stocks advancing against 35 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.

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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.