Indian stock indices turned in positive performance on Tuesday, December 11, specifically on reports that the ruling party scored better-than-expected results in the recent elections in three states. However, upside was capped by news that India's central bank governor Urjit Patel unexpectedly stepped down for personal reasons. By the close, the Nifty 50 rose 0.58% to 10,549.15, and the BSE Sensex 30 was 0.54% higher at 35,150.01. On the BSE Sensex 30, Yes Bank and Sun Pharmaceutical Industries outperformed the broader market, soaring 8.50% and 6.38%, respectively. Bharti Airtel and HDFC Bank were out of favor, sliding 1.61% and 1.63%. Among the Nifty 50 gainers, Yes Bank and Sun Pharmaceutical Industries stood out, advancing 8.09% and 6.22%. On the other side of the spectrum, Hindustan Petroleum and Indian Oil retreated 3.0% and 1.75%. On the currency market, the USD/INR pair dipped 0.82% to 71.85, and EUR/INR ticked down 0.75% to 81.76. The 10-year Indian government bond yield reached 7.581%. Italian banking names enjoyed demand. In the upshot, Yes Bank spiked 8.09%, while Bank of Baroda picked up over 3.0%. As noted above, pharma stocks were well bid. In particular, Sun Pharmaceutical Industries, the sector’s largest player in terms of market capitalization, firmed 6.22%. Notably, the country’s benchmarks garnered support from gains in tech stocks as HCL Technologies and Infosys added over 1.0%. From a technical standpoint, the BSE Sensex 30 has completed a corrective movement, reaching the range of 34,500-34,700. The Slow Stochastic Oscillator is about to become buy-friendly, while hovering near oversold territory. Consequently, an uptrend could be in the offing.