Foreign institutional investors (FIIs) sold shares worth a net Rs 3,148.58 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 269.36 crore in the Indian equity market on January 21, 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 427.44 points or 0.72% to 59,037.18 and Nifty was down by 139.85 points or 0.79% to 17,617.15 in the previous session. Sensex touched high and low of 59,329.63 and 58,620.93, respectively and there were 8 stocks advancing against 22 stocks declining on the index while Nifty traded in a range of 17,707.60 and 17,485.85 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.