Ways2Capital Closing Update : Sensex, Nifty Rangebound Ahead of January CPI Data

Benchmark indices recouped losses amid consolidation in afternoon trade as investors awaited retail inflation data for the month of January due later today.
The BSE Sensex was up 21.80 points at 28356.05, and the Nifty gained 10.20 points at 8803.75 while the broader markets were down 0.55 percent on weak breadth. About two shares declined for every share rising on the BSE.
Infosys, Wipro, Tata Steel, NTPC, M&M, Eicher Motors, Yes Bank and Tata Power were top gainers, while Coal India, BHEL, SBI, ITC, Maruti Suzuki, Bank of Baroda, Idea Cellular and Aurobindo Pharma were top losers on the indices.
Aluminium major Hindalco shares gained 2 percent as the company turned profitable in the quarter ended December 2016, with net income on standalone basis at Rs 320.56 crore against loss of Rs 32.49 crore in year-ago quarter, aided by strong operational performance as well as low base.
Markets in Europe were higher, after another set of record closes on Wall Street and as investors eyed fresh data and digested new political developments.
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