An investor or investment fund that is from or registered in a country outside of the one in which it is currently investing. Institutional investors include hedge funds, insurance companies, pension funds and mutual funds. 
The term is used most commonly in India to refer to outside companies investing in the financial markets of India. International institutional investors must register with the Securities and Exchange Board of India to participate in the market. One of the major market regulations pertaining to FIIs involves placing limits on FII ownership in Indian companies.
MUMBAI: Boosted by strong foreign fund buying, BSE sensexand NSE nifty both hit record highs on Wednesday and also closed at new peaks on optimism that the forthcoming Budget on July 10 will aim at fiscal consolidation as the fiscal deficit and inflation are still at higher levels than warranted.
Sensex closed 325 points higher at 25,841 while nifty closed 90 points higher at 7,725, each above their earlier life highs hit about three weeks ago. Buying by foreign funds also helped the rally, dealers said. The day's rally also lifted investors' wealth, measured in terms of BSE's market capitalization to a record peak at Rs 92.2 lakh crore
The term is used most commonly in India to refer to outside companies investing in the financial markets of India. International institutional investors must register with the Securities and Exchange Board of India to participate in the market. One of the major market regulations pertaining to FIIs involves placing limits on FII ownership in Indian companies.
MUMBAI: Boosted by strong foreign fund buying, BSE sensexand NSE nifty both hit record highs on Wednesday and also closed at new peaks on optimism that the forthcoming Budget on July 10 will aim at fiscal consolidation as the fiscal deficit and inflation are still at higher levels than warranted.
Sensex closed 325 points higher at 25,841 while nifty closed 90 points higher at 7,725, each above their earlier life highs hit about three weeks ago. Buying by foreign funds also helped the rally, dealers said. The day's rally also lifted investors' wealth, measured in terms of BSE's market capitalization to a record peak at Rs 92.2 lakh crore
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