Key Indian stock indices landed in negative territory on Friday, November 22, amid persisting uncertainty surrounding a US-China trade deal. Specifically, traders are concerned that an interim agreement might be rolled back until next year as the two countries have yet to resolve key controversies. The list of underperformers included technology stocks, with the Nifty IT retreating 1.95% on the heels of INR appreciation vs. the USD. Recapping the benchmarks, the Nifty 50 slipped 0.45% to 11,914.40, and the BSE Sensex eased 0.53%, settling at 40,359.41. By 10:50 GMT, USD/INR edged up 0.05% to 71.775, and EUR/INR firmed 0.06% to 79.3690. The 10-year Indian government bond yield stood at 6.510%. As noted above, IT stocks were out of favor. As a result, Infosys, Wipro, Tata Consultancy, HCL Tech and Tech Mahindra slipped 2.85%, 1.82%, 2.41%, 1.68% and 1.57%, respectively. Network 18 outperformed for the second straight, session, drawing support from news that it is negotiating a deal with Sony. Notably, Network 18 bolted up 14.8% on the day. Notable decliners on the Nifty 50 also included Bharti Infratel, Asian Paints and UPL, which slid 4.07%, 2.18% and 2.11%, respectively. The daily chart shows that the BSE Sensex has broken through the lower end of a rising wedge and is extending the downtrend. Since the Slow Stochastic Oscillator is pointing south, the benchmark still holds downside potential in the short term.