Equity benchmarks remained rangebound in morning as investors awaited Q3 GDP data due later today. They will closely watch the actual impact of demonetisation on economy in the quarter ended December 2016.
The 30-share BSE Sensex was up 23.21 points at 28836.09 and the 50-share NSE Nifty rose 1.05 points to 8897.75.
The market breadth was in favour of advances. About 1369 shares gained against 902 declining shares on the Bombay Stock Exchange.
Tata Teleservices shares rallied 20 percent intraday after Tata Sons has withdrawn its application against DoCoMo in Delhi High Court. Both companies have filed consent terms for perspective settlement in their long-standing dispute. Tata Sons has reportedly agreed to pay USD 1.17 billion in damages to Japan’s NTT DoCoMo.
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