The Indian stock market ended slightly higher for the eighth straight session on Monday, April 16. This has been the longest bull run for the equity market since early 2018. Bucking bearish sentiment on other Asian trading floors, the Indian stock market finished in the green even after a retreat in early trading. The news flow was negative today, as Britain, France and the United States launched joint strikes against Syria over the weekend, while uncertainty prevails over the prospects of future military activity in the country. Recapping the benchmarks, the Nifty 50 rose 0.46% to 10,528.35, and the BSE Sensex closed 0.33% higher at 34,305.43. USD/INR traded up 0.34% to 65.435. The 10-year government bond yield widened 0.05% to 7.435%. In the blue-chip universe, Cipla and Hindalco Industries eked out gains, while Tata Motors, Infosys, SBI, and Vedanta underperformed. Indian IT giant Infosys sank 3.2% after releasing weaker-than-expected guidance on operating margin in 2019. Automaker Tata Motors plunged 4.8%. The name came under pressure from three-day old news that the company will have to cut 1,000 jobs at two of its UK facilities. State bank UCO Bank plunged 6.5% after investigative authorities filed a case against the bank’s former chairman. From a technical standpoint, the Sensex has extended its rebound, completing a falling wedge pattern, from which the benchmark broke out earlier. Given overbuying, rebound potential is limited.