The market bulls helped benchmark indices add 1.6 per cent last week but faced some stiff pushback from the bears. Going into the trade this week, with Q3 earnings season largely over, the market mood will be guided by the global trends, FII inflows and macro data. Following a swift rally since Budget, analysts believe that some consolidation cannot be ruled out. The markets, when they'd open for trade today, are likely to react to the better-than-expected industrial production data for December and CPI inflation for January. Both these macro points were released post market hours on Friday. Besides, the market participants would keep an eye on WPI inflation figures set to be released later today.