India’s stock market landed in positive territory on Thursday, December 13, amid a slowdown in inflation in November, as well as rising bank names. Notably, India’s CPI rose 2.33% y-o-y last month vs. +2.8% y-o-y expected. At the same time, the previous change in the reading was revised up from +3.31% to +3.38%. Investors believe that due to the slowdown in inflation in the country, the central bank will be able to keep its key interest rate on hold at the next meeting, which will be held in January. Recapping the indices, the Nifty 50 advanced 0.50% to 10,791.55, while the BSE Sensex closed 0.42% higher at 35,929.64. By 10:50 GMT, the USD/INR currency pair traded down 0.29% to 71.645, while EUR/INR dropped 0.22% to 81.4985. The 10-year government bond yield stood at 7.411%. As noted above, bank names enjoyed strong demand. Indian Bank, State Bank of India, Vijaya Bank and Bunjab National Bank added 4.95%, 1.26%, 1.04% and 0.75%, respectively. Real estate stocks were well bid, with Nifty Realty gaining 1.37%. Prestige Estates, Unitech and Indiabulls Re spiked 9.45%, 2.44% and 0.83. Metals and mining names underperformed the broader market. Welspun, Tata Steel and JSW Steel retreated 2.74%, 1.75% and 1.64% The daily chart shows that the BSE Sensex has traded within a rising wedge, while the Slow Stochastic Oscillator is pointing north. In view of the above, the benchmark may head towards the upper end of the formation.