Indian equities posted moderate gains on Monday, November 19. Stocks closed higher ahead of a meeting between the RBI management and government officials on various issues related to banking sector regulation and liquidity. Notably, this is the first meeting after news broke that the central bank and the government disagreed on a number of issues. Investors were jittery about these disagreements, so they are looking forward to this meeting. Recapping the benchmarks, the Nifty 50 firmed 0.76% to 10,763.40, while the BSE Sensex closed 0.90% higher at 35,774.88. The USD/INR pair traded down 0.29% to 71.575. The 10-year government bond yield narrowed 0.27% to 7.794%. Among the best performers in the blue-chip universe, Yes Bank, ITC, Tata Motors, IndusInd Bank, Sun Pharma advanced above 2%, while IndiaBulls, GAIL lost over 2%. Bank names enjoyed the strongest demand ahead of the meeting between the RBI and the government. Yes bank demonstrated the largest growth, soaring 7.8%. Representatives of the commodity sector Hindalco Industries and Vedanta surged 3.2% and 2.9%, respectively. Tata Investment jumped 5.1% after approving a share buyback plan. From a technical standpoint, the daily chart shows that the Sensex has rebounded after breaking out of a falling wedge. Taking into account overbuying, the benchmark may halt its ascent.