The Indian stock market landed in negative territory on Monday, November 13 as investors were focused on earnings releases from a number of companies, while energy stocks underperformed amid declining oil prices. Recapping the benchmarks, the Nifty 50 slid 0.94% to 10,224.95, and the BSE Sensex retreated 0.84%, settling at 33,033.56. By 10:35 GMT, the USD/INR currency pair firmed 0.24% to 65.459, while EUR/INR added 0.22% to 76.2097. The 10-year Indian government bond yield stood at 6.975%. India’s largest engineering firm Larsen & Toubro plunged 1.93% after lowering 2H order book guidance. Notably, the company reported a 27% increase in fiscal 2Q profit. The session’s outliers included the world’s largest coal producer Coal India, which slid 3.31% as profit fell 40% last quarter. O&G player Bharat Petroleum took a hit, shedding 2.25% as quarterly profit missed expectations. The daily chart shows that the BSE Sensex has broken through the lower line of a rising band and is extending the downtrend, while the Slow Stochastic Oscillator is bear-friendly at this point. As a result, the benchmark still holds downside potential in the short term.