BENGALURU, Sept 26 Reuters Indian benchmark indexes were muted on Tuesday as some domestic buying helped limit losses from a relentless selling by foreign funds over fears that global interest rates will stay higher for longer.

The Nifty 50 was mostly flat at 19,687 points as of 1026 a.m. IST, while the SP BSE Sensex was also unchanged at 66,022 points.

Both the benchmarks have fallen about 2.5 in the past one week after the U.S. Federal Reserve signalled last week that it was likely not done rising rates.

Markets are likely going to consolidate further after running up to alltime highs, ahead of the corporate results season in October, said Anita Gandhi, director at Arihant Capital Markets.

Foreign institutional investors FIIs have been net sellers so far this month, offloading shares worth 1.36 billion, as of Sept. 22 after pouring in over 15 billion into Indian equities this year.

On Monday, foreign institutional investors sold 23.33 billion rupees worth of shares, while domestic investors bought 15.79 billion rupees worth of shares, as per provisional exchange data.

The more domestically focused smallcaps and midcaps were up 0.7 and 0.2, respectively on Tuesday.

Rising U.S. treasury yields and inflation worries over surging crude prices and below average monsoon are some other concerns for Indian investors, analysts said.

The uptick in U.S. treasury yields is making investors jittery as FIIs continue to offload shares, Centrum Equity Research analysts said in…