Key Indian stock indices closed marginally higher on Friday, January 18, after trading in the red most of the day amid a significant pullback of major pharmaceutical giant Sun Pharmaceutical, which took a hit from allegations of fraud. However, the decline was offset by gains in Reliance Industries, which released strong quarterly financial results. Recapping the indices, the Nifty 50 edged up 0.02% to 10,907, while the BSE Sensex closed 0.03% higher at 36,387. By 10:25 GMT, the USD/INR currency pair traded up 0.11% to 71.113, while EUR/INR advanced 0.13% to 81.0500. Meanwhile, the 10-year government bond yield widened to 7.589%.As noted above, pharmaceutical name Sun Pharmaceutical Industries stood out among the worst performers, tanking 8.4%. Reliance Industries surged 4.4% after reporting record high quarterly profit due to the strong results of its telecommunications unit Jio.Jio's market share is expanding rapidly, causing a price war among competitors. The two leading representatives of the industry Bharti Airtel and Vodafone Idea underperformed, plunging 6.4% and 4.7%, respectively. India’s third-largest software exporter Wipro surged 3.2% ahead of the release of financial results for the previous quarter. The daily chart shows that the BSE Sensex has consolidated near the upper end of Bollinger Bands, while the Slow Stochastic Oscillator has been in overbought territory. As a result, a downturn is possible in the short term. $SENSEX, S&P BSE SENSEX INDEX / D