Key Indian stock indices turned in positive performance on Tuesday, December 26, reaching new all-time highs. In the first session after a long weekend, market participants saw no reason for a sell-off, with telecom stocks leading benchmarks higher amid overall upbeat sentiment. In sectoral terms, metals, media, FMCG and real estate names outperformed the broader market, while banking, automotive and financial players saw losses. Recapping the benchmarks, the Nifty 50 added 0.37% to 10,531.50, and the BSE Sensex advanced 0.21% to 34,010.61. By 10:45 GMT, the USD/INR currency pair firmed 0.09% to 64,075, while EUR/INR traded down 0.06% to 75.9975. The 10-year Indian government bond yield widened to 7.301%. As noted above, pharmaceutical names were well bid, with Cipla and Sun Pharmaceutical rising 1.8% and 2.0%, respectively. Telecom major Reliance Communications spiked 31.9% after announcing plans to sell a number of assets in an attempt to deleverage. Kirloskar Oil Engines jumped 9.7% on media reports that Cummins, a leading maker of diesel engines, is negotiating to acquire a majority equity stake in the company. Software provider Infosys shed 0.4%, correcting lower after a three-day rally. The daily chart shows that the BSE Sensex is trading within a rising wedge, while the Slow Stochastic Oscillator is hovering in overbought territory. As a result, an attempt to break through the lower end of the pattern can be expected in the short term. $SENSEX, S&P BSE SENSEX INDEX / D