The Indian stock market closed in the green on Tuesday, October 16, correcting higher after a sharp pullback last week. Investor sentiment got a boost from positive news about Asian equity markets, where most indices closed higher. Market participants kept an eye on Infosys, which is scheduled to release its earnings report after today’s close. Recapping the benchmarks, the Nifty 50 firmed 0.69% to 10,584.74, while the BSE Sensex closed 0.85% higher at 35,162.48. By 10:23 GMT, the USD/INR currency pair dropped 0.14% to 73.615, while EUR/INR eased 0.20% to 85.2485. The 10-year government bond yield narrowed to 7.900%. As noted above, investors focused on Infosys, which lost 0.5% despite an expected increase in quarterly profit. Another IT name Tata Consultancy Services added 0.7%. Meanwhile, South Indian Bank and Zee Media shot up 16.1% and 9.6%, respectively, after reporting higher profits last quarter. Cable TV service operators Hathway Cable & Datacom and DEN Networks surged 4.8% and 0.7% on news that Reliance Industries may acquire controlling stakes in the companies. The daily chart shows that the BSE Sensex is heading north, while the Slow Stochastic Oscillator and the RSI have exited oversold territory. As a result, the benchmark may continue to trend higher in the short term. $SENSEX, S&P BSE SENSEX INDEX / D