Sensex, Nifty close unchanged ahead of inflation report; assistance provided by HDFC pair and RIL

The benchmark indices, Sensex and Nifty, closed unchanged on Wednesday ahead of the inflation report. HDFC pair and RIL were the top performers.

On the inflation front, the Consumer Price Index (CPI) for the month of December is scheduled to be released later in the day. Analysts expect inflation to rise marginally on account of higher crude oil prices and a weak rupee.

In the meantime, HDFC twins – HDFC Bank and HDFC Ltd – were the top performers on the Sensex, while Reliance Industries Ltd (RIL) also contributed to the index’s gains.

HDFC Bank was up 1.3 percent, while HDFC Ltd rose 1.4 percent. RIL gained 0.8 percent.

On the other hand, Infosys was the biggest drag on the index, falling nearly 2 percent. Other major laggards included ITC, Kotak Mahindra Bank and Axis Bank.

Overall, it was a subdued day of trade with the Sensex closing just 4 points higher at 36,028 and the Nifty ending at 10,873, up 3 points.

Sectoral indices were mixed with gains in banking, financials and realty

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