On Wednesday, July 27, Indian stock indexes were on an upward trajectory in anticipation of the outcome of monetary policy meetings in the US and Japan (due out on Wednesday and Thursday, respectively). As of Wednesday’s close, the Nifty 50 rose 0.29% to 8,615.80, while the BSE Sensex 30 Index edged up 0.17% to 28,024.33. The session’s top advancers included Bharti Infratel (+4.72%), Zee Entertainment E. (+2.80%) and Mundra Port Special. (+1.92%).Today’s worst performers were ITC (-1.73%), Idea Cellular (-1.53%) and Tata Steel (-1.29%). Automakers outperformed, with Maruti Suzuki India and Tata Motors jumping 1.94% and 1.36%, respectively. Also on the plus side, ICICI Bank shares touched a high since December 2015 (+3.42%). State Bank of India shares, in turn, closed 1.12% higher. Housing Development Finance added 2.4% to its market cap, setting a new high. In negative territory, Dr. Reddy’s Laboratories saw the biggest daily loss (-10.23%) over the past eight months. In the currency market, the USD/INR fell 0.2% to 67.146, while the EUR/INR pair traded down 0.13% to 73.8360. In addition, the volatility gauge India Vix, which tracks Nifty 50 stocks, dropped 1.23% to 15.4275.Technically, the BSE Sensex 30 Index has traded within a rising band on the daily chart. Stochastic lines are near overbought territory, thus limiting upside potential.