Key Indian stock indices landed in positive territory on Tuesday, September 25, ending higher for the first time over the last few sessions on the back of gains in financial names such as Housing Development Finance and HDFC Bank. This week, investors are focused on the outcome of the FOMC’s two-day meeting, which is scheduled to begin later today. Notably, the regulator is expected to hike the federal funds rate, raising the interest rate band to 2.0-2.25%. Recapping the benchmarks, the Nifty 50 advanced 0.91% to 11,067.45, and the BSE Sensex closed up 0.96% at 36,652.06. By 11:10 GMT, the USD/INR pair weakened 0.37% to 72.645, while the EUR/INR traded up 0.11% to 85.4645. The 10-year Indian government bond yield stood at 8.131%. As noted above, financial names stood out among the advancers. In particular, Housing Development Finance, ICICI Bank, AXIS Bank and State Bank of India picked up 3.18%, 0.71%, 2.85% and 3.08%, respectively. Moreover, pharmaceutical and automotive stocks outperformed the broader market, while energy and real-estate names were out of favor. On the Nifty 50, the session’s frontrunners, apart from AXIS Bank and Housing Development, included Kotak Mahindra, Sun Pharma and Maruti Suzuki, which added 3.02%, 2.74% and 2.65%, respectively. On the other side of the ledger, Indiabulls, Bharti Infratel and GAIL retreated 5.60%, 3.06% and 2.61%. The daily chart shows that the BSE Sensex has repeatedly broken out of the lower line of Bollinger Bands, while the Slow Stochastic Oscillator is about to exit oversold territory. As a result, an upturn can be expected in the short term.