BENGALURU, Feb 27 Reuters Indian shares were little changed on Tuesday, held back by bouts of profitbooking with the indexes near recordhigh levels and ahead of key domestic and U.S. economic data.

The bluechip index NSE Nifty 50 was up 0.07 at 22,136.75 while the BSE Sensex added 0.01 to 72,800, as of 1006 a.m. IST.

Since hitting record highs in every session last week, the Nifty 50 has calmed to trade within a 130point range for the past three sessions. It was in a 70point range in the first hour of trading on the day.

Six of the 13 major sectors logged losses. Financials, private banks dropped about 0.3 each.

We expect the ongoing trend of consolidation and bouts of profit booking at record high levels to continue, as Indian markets are priced to perfection, in terms of valuations, said Deven Choksey, managing director of DRChoksey Finserv.

However, favourable liquidity conditions due to sustained domestic inflows will cushion the markets against any significant corrections, Choksey added.

Domestic institutional investors have been net buyers in 14 of the 18 sessions in February, adding stocks worth 2.5 billion.

IT stocks gained 0.5, rebounding from a 1.17 drop in the previous session, led by Tata Consultancy Services, after UBS upgraded the stock to buy from neutral.

Asian markets were subdued on the back of hotterthanexpected inflation data from Japan.

Investors await key U.S. data, including the U.S. core personal consumption expenditures PCE price index…