India’s stock market finished in the green on Wednesday, December 12, in sync with Asian trading floors. Investors were upbeat about news that a former member of the Ministry of Finance Shaktikanta Das was appointed to the position of Chairman of the Bank of India after the unexpected resignation of Urjit Patel, which was announced the day before. Experts believe that Das will try to establish a more stable relationship between the central bank and the Ministry of Finance. However, there is no point expecting radical changes in the behavior of the regulator, since the structure of the Monetary Policy Committee has remained the same. Notably, market players await inflation data for November, due out after the end of the trading day today. Consumer prices are expected to slow to a 16-month low. In sector terms, bank names enjoyed the strongest demand. Recapping the indices, the Nifty 50 firmed 1.79% to 10,737.60, while the BSE Sensex closed 1.79% higher at 35,779.07. By 10:57 GMT, the USD/INR currency pair eased 0.43% to 72.012, while EUR/INR traded down 0.23% to 81.6330. The 10-year government bond yield narrowed to 7.426%. As noted above, regional banks enjoyed the strongest demand. Kotak Mahindra Bank, ICICI Bank and HDFC added 1.5%, 2.0% and 1.3%, respectively. Non-bank financial organizations were also well bid. Indiabulls Housing Finance, Edelweiss Financial Services and Can Fin Home soared 6.0%, 3.0% and 8.2%. The daily chart shows that the BSE Sensex, which returned inside Bollinger Bands, is heading north. Given that there are no signs of overbuying, the index could extend its ascent in the short term. $SENSEX, S&P BSE SENSEX INDEX / D