Indian’s equity benchmarks traded in negative territory during the first half of trading on Friday, September 30, after media reports that yesterday Indian air forces struck gorillas that allegedly made preparations to invade Jammu and Kashmir from Pakistani territory. This military action raised the likelihood that tension between Pakistan and India that have nuclear weapons could escalate, thus putting an end to the Kashmir-related truce agreement that was signed in 2003.Additional negativity came from a drop in oil futures and also concerns that German lender Deutsche Bank could collapse like Lehman Brothers eight years ago. News broke that as many as 10 hedge funds decided to abandon Deutsche Bank’s derivative clearing services. However, heading into the final bell the indices eked out gains, with automotive, high-tech, public utilities and real estate stocks outperforming. Recapping the benchmarks, the Nifty 50 closed 0.23% higher at 8,611.15, while the BSE Sensex ticked up 0.14% to 27,865.96. In the currency market, by 10:45 GMT the USD/INR pair weakened 0.27% to 66.628, while the EUR/INR was down 0.68% at 74.4600. TheyieldonIndia’s 10-yeargovernmentbondnarrowedto6.975%.As noted above, technology names led the gainers, with Infosys and Wipro jumping 2.88% and 1.43%, respectively. Meanwhile, auto maker Mahindra and Mahindra added 3.03% to its market cap. From a technical standpoint, the BSE Sensex has broken out of the lower line of Bollinger Bands, and the Slow Stochastic Oscillator is in oversold territory. As a result, the index is expected to rebound in the short term.