Markets were volatile in January due to concerns over US Fed tapering – The Nifty was volatile in January as it rallied by 5.8% from Dec’s closing to levels of over 18,300 before giving off the entire gain to close flattish for the month at 17,340. FIIs continued to be net sellers in Indian equities at `33,303 crores in January. FIIs have now been net sellers for the fourth month in a row. The rally in the first half of the month can be attributed to receding concerns over the Omicron strain. However, markets turned volatile in the second half of the month over concerns of aggressive tightening by the US Fed in 2022.
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