Indian equities turned in positive performance on Friday, October 12, propelled by rising S&P 500 futures and Asia’s recovering stock markets. On the macro front, August industrial production data and the September CPI are due out during the second half of the day. Recapping the benchmarks, the Nifty 50 rose 2.32% to 10,472.50, while the BSE Sensex 30 closed 2.15% higher at 34,733.58. The session’s top gainers on the BSE Sensex included Mahindra & Mahindra and Maruti Suzuki, which soared 6.18% and 5.27%, respectively. Among the decliners, Tata Consultancy Services and Tata Motors DV dropped 3.07% and 0.69%, respectively. Maruti Suzuki and Bajaj Finance stood out among the best performers on the Nifty 50, spiking 6.22% and 5.73%. Tata Consultancy Services and HCL Technologies underperformed, plunging 3.03% and 2.65%, respectively. In the currency market, the USD/INR pair eased 0.22% to 73.655, while EUR/INR traded down 0.67% to 85.271. The 10-year government bond yield stood at 7.982%. Tata Consultancy Services shed 3.03%, even though the company reported record high quarterly earnings. Bank of Baroda surged 4% on news that the Indian government extended the term of office of the lender’s Managing Director and Chief Executive Officer. Automakers were well bid, with Mahindra & Mahindra and Maruti Suzuki advancing over 5%. On the other side of the ledger, IT names underperformed, with HCL Technologies falling more than 2.5%. From a technical standpoint, the BSE Sensex 30 has settled at 34,000. Stochastic lines are buy-friendly, but have already entered oversold territory. As a result, the benchmark may continue its corrective rebound.