Mumbai, Jan. 23 -- Indian equities enter the late-January week under pronounced volatility and mixed global cues. Domestic benchmarks endured deep corrections mid-week, with persistent foreign institutional investor (FII) outflows and a weakening rupee denting sentiment, even as occasional value buying surfaced. While the broader market struggled, key defensive and sectoral themes provided intermittent support.

Globally, the easing of geopolitical tensions, particularly softened tariff rhetoric from the U.S., helped rebound risk assets in Asia and supported a recovery in select Indian stocks later in the week. However, uncertainty around trade policies and mixed earnings reports kept investors cautious.

With the Union Budget looming and...