$SENSEX, S&P BSE SENSEX INDEX / H1 The Indian stock market showed positive performance on Wednesday, August 16, closing up as usual after a holiday. The markets had no reasons for downbeat or upbeat sentiment, so investors continued buying after last week’s selloff amid geopolitical uncertainty. Recapping the benchmarks, the Nifty 50 firmed 1.05% to 9,897.30, and the BSE Sensex closed 1.02% higher at 31,770.89. By 10:25 GMT, the USD/INR currency pair slipped 0.12% to 64.178%, while EUR/INR traded down 0.19% to 75.1101. The 10-year Indian government bond yield widened to 6.530%. In sectoral terms, O&G, IT, healthcare, real estate and automotive stocks logged gains, while telecom names underperformed the broader market. On the NSE, the session’s top advancers included Tech Mahindra, Tata Power and Indiabulls Housing Finance, which surged 4.4%, 3.1% and 2.8%, respectively. In the bear camp, Infosys, Asian Paints and Yes Bank shed 0.6%, 1.1% and 0.9%. The session’s top performers included regional automakers. In particular, TVS Motor Company and Motor Sumi Systems soared 5.7% and 2.5%, respectively. The daily chart shows that the BSE Sensex is hovering near the upper line of Bollinger bands, while the Slow Stochastic Oscillator is in overbought territory. As a result, a downtrend can be expected in the short term.