Key Indian equity benchmarks showed positive performance on Tuesday, June 25, mainly given an increase in rainfalls that allayed concerns about a possible decline in agricultural output. Trading volumes were thin ahead of the G20 summit, at which Washington and Beijing should resume their trade talks, and a draft budget for the fiscal year ending March 2020 by India’s new finance minister Nirmala Sitharaman. The external news flow was unfavorable because Asian stocks closed lower, and European securities are in retreat. On the Nifty 50, the index advanced 0.83% to 11,796.45, while the BSE Sensex firmed 0.8% to 39,434.94. By 10:30 GMT, USD/INR grew 0.16% to 69.380, while the EUR/INR pair ticked up 0.01% to 78.9455. The yield on 10-year Indian government bonds broadened to 6.882%. Tuesday’s standout advancers included JSW Steel and Vedanta (up 3.6% and 1.1%, respectively). Mobile services provider Bharti Infratel (-1.1%) was hit by a selloff. Insurer SBI Life Insurance plunged 5.1% after BNP Paribas Cardif put up 25 mn shares for sale at a discount. The daily chart shows that the BSE Sensex continues to trade near the lower end of a rising wedge and the lower bound of Bollinger Bands, while the Slow Stochastic Oscillator has recently left oversold territory. As a result, the index could move towards the upper line of the pattern in the short term. $SENSEX, S&P BSE SENSEX INDEX / D