The Indian stock market showed mixed performance on Tuesday, October 17 ahead of the latest quarterly earnings releases. Specifically, Wipro and Axis Bank will make their reports available later today. In addition, investors took profit after Indian benchmarks hit new record highs a day earlier. Recapping the benchmarks, the Nifty 50 ticked up 0.04% to 10,234.45, reaching an all-time high, and the BSE Sensex eased 0.08%, settling at 32,609.16. By 10:40 GMT, the USD/INR currency pair firmed 0.31% to 64.903, while EUR/INR added 0.10% to 76.3988. The 10-year Indian government bond yield stood at 6.752%. The session’s underperformers included Reliance Industries, which retreated 0.23% after a three-session rally. For the same reason, automaker Tata Motors and pharmaceutical firm Lupin traded down 1.1% and 0.4%, respectively. Federal Bank picked up 0.92% as quarterly profit beat expectations. ICICI Lombard General Insurance surged 3.17% after reporting that net quarterly profit increased 19.3%. The daily chart shows that the BSE Sensex has bounced off the resistance line at 32,690, while the Slow Stochastic Oscillator has entered overbought territory. Consequently, a correctional downturn can be expected in the short term.