The Indian stock market saw volatile trading session on Monday, January 23 ahead of the submission of the state budget draft scheduled for the next week, on February 1.Today’s session ended in the green. The advancers included banking, high-tech, metal&mining, oil&gas and real estate plays, while healthcare and telecom names underperformed.The Nifty 50 was up 0.50% to 8,391.50, while the BSE Sensex closed 0.31% higher at 27,117.34.By 10:50 GMT, the USD/INR currency pair edged up 0.06% to 68.144, and EUR/INR firmed 0.44% to 73.1743. The 10-year government bond yield narrowed to 6.437%.As noted above, banking stocks outperformed the broader market. In particular, Kotak Mahindra Bank and HDFC Bank rose 1.34% and 0.67%, respectively.Meanwhile, construction company Kalpataru Power Transmission added 2.17% after receiving new orders worth more than INR 8.25 bn (USD 121.24 mn).High-tech names also had a good day, with Infosys and HCL Technologies picking up 0.42% and 2.21% respectively.As the daily BSE Sensex chart shows, after mustered a rising wedge the index is moving towards the SMA 200, while the Slow Stochastic Oscillator and the RSI are sending out mixed signals. In the coming days, we advise investors to wait for clearer signals to emerge in order to detect the further trend.