The Indian stock market landed in positive territory on Wednesday, February 21 after retreating for three previous sessions in a row. Notably, markets drew support from gains in high-tech names led by heavyweights Tech Mahindra and HCL Technologies. Recapping the benchmarks, the Nifty 50 advanced 0.36% to 10,397.45, and the BSE Sensex closed 0.42% higher at 33,844.86. By 10:36 GMT, the USD/INR currency pair slipped 0.32% to 64.825, and EUR/INR was 0.25% lower at 79.8180. The 10-year Indian government bond yield stood at 7.670%. As noted above, the session’s outperformers included high tech names that surged on the back of an upbeat outlook from the National Association of Software and Services Companies. According to the outlook, national software and IT services exports will expand by 7-9% in the fiscal year ending in March 2019. As a result, Tech Mahindra, HCL Technologies, ITC and Infosys gained 3.54%, 4.14%, 1.82% and 0.71%, respectively. Meanwhile, pharmaceutical stocks were out of luck, with Sun Pharmaceutical Industries sinking 6.36%. In the banking sector, Punjab National Bank, State Bank of India and ICICI Bank added 0.26%, 1.30% and 0.47%, respectively. The daily chart shows that the BSE Sensex continues to trade within a side trend, while the Slow Stochastic Oscillator has entered oversold territory, and as the RSI has turned north. Consequently, an upturn towards the upper line of the range can be expected in the short term.