Good Morning Everyone,
Indices are flat in choppy trade ahead of the release of January inflation data. Several index majors declined, with State Bank of India and Tata Motors losing more than 1.5% each ahead of their Oct-Dec results. Wipro and Siemens fell over 2% each as they will be excluded from the Nifty from Apr 1. Short covering helped Tata Steel recoup most losses due to its wider-than -expected Oct-Dec net loss. Sector showing strength are IT and PSU index, sector underperforming are Auto, Consumer Durables and CapitalGoods.
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