Indian stock indices ended slightly higher on Thursday, January 11, with technology and pharmaceutical names outperforming. Notably, the markets saw subdued risk appetite ahead of the quarterly earnings season amid lingering concerns over the pace of inflation. Recapping the benchmarks, the Nifty 50 added 0.18% to 10,651.20, and the BSE Sensex advanced 0.20% to 34,503.49. By 10:14 GMT, the USD/INR currency pair eased 0.14% to 63.682, while EUR/INR traded up 0.05% to 76.0694. The 10-year Indian government bond yield widened to 7.453%. As noted above, technology stocks outperformed the broader market. Specifically, software provider Infosys gained 2.2%. GE Power India surged 2.7% as the company was awarded a large contract worth INR 8.18 bn (USD 128.29 mn). Banking names were out of luck, with ICICI Bank and Axis Bank shedding 0.8% and 0.7%, respectively. Reliance Industries and Bharat Petroleum gave up 0.4-0.5%, tracking oil prices that corrected lower. The daily chart shows that the BSE Sensex is trading near the upper line of Bollinger bands, while the Slow Stochastic Oscillator has long been in overbought territory. As a result, a downturn can be expected in the short term. $SENSEX, S&P BSE SENSEX INDEX / D