Foreign Institutional Investors (FIIs) have been consistently selling in the Indian equity markets in January, with sales in the cash market reaching Rs 66,602 crore. The primary reasons behind this trend are the strengthening of the dollar and rising US bond yields. The financial sector has been significantly impacted, while the IT sector shows signs of resilience.
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The Indian market is expected to consolidate on Friday, influenced by muted global cues. Nifty futures closed with modest gains, while India VIX fell. Experts