Inflation data (CPI) later today. Investors turned cautious after disappointing index of industrial production (IIP) number which contracted by 0.4 percent in December 2016 and manufacturing growth dipped by 2 percent.

The 30-share BSE index Sensex ended higher by 17.37 points or 0.06 percent at 28,351.62 and the 50-share NSE index Nifty closed down by 11.5 points or 0.13 per cent at 8,805.50. Among BSE sectoral indices, consumer durables index fell the most by 1.32 per cent, realty 1.27 per cent, PSU 0.96 per cent and capital goods 0.66 per cent. On the other hand, IT index was up 0.76 per cent, TECk 0.55 per cent, power 0.22 per cent and metal 0.19 percent.

Top five Sensex gainers were Power Grid (+1.65%), Infosys (+1.31%), HUL (+1.12%), M&M (+1.09%) and Wipro (+0.96%), while the major losers were SBI (-1.76%), Coal India (-1.62%),
Maruti (-1.24%), ITC (-1.08%) and Asian Paints (-1.05%).

The dollar rose against the yen on Monday on relief that US
President Donald Trump set aside tough campaign rhetoric over security and jobs in a smooth meeting with Japanese Prime Minister Shinzo Abe, with no mention of currency policy.

Asian stocks ticked up, helped by renewed optimism over
Trump’s tax reform plans, generally upbeat global economic
data and Trump’s change of tack to agree to honour the “one
China’’ policy.
MARKET MEASURE
EXCHANGE ADVANCE DECLINE UNCHG. T/O
NSE 471 1034 50 19889.92

CHART ANALYSIS
SCRIP R2 R1 PIVOT S1 S2
NIFTY 50 8895 8850 8805 8870 8725