Key Indian stock indices ended in the green on Friday, November 15, on the back of encouraging trade signals out of the White House. In particular, Trump’s top economic advisor Larry Kudlow said that the US and China are nearing an initial trade deal. According to Kudlow, the US president is happy with the way the negotiations are moving forward, but not ready to sign off at this point. Notably, the session’s outperformers included pharmaceutical and banking names. Notably, Nifty Pharma rose 1.7%, while Nifty PSU Bank climbed 3.28%. Recapping the benchmarks, the Nifty 50 picked up 0.20% to 11,895.45, and the BSE Sensex closed 0.17% higher at 40,356.69. By 10:45 GMT, the USD/INR pair eased 0.22% to 71.795, while EUR/INR slipped 0.17% to 79.1650. The 10-year Indian government bond yield stood at 6.510%. Telecom operator Vodafone Idea zoomed up 27.12% despite reporting a record-high quarterly loss. Industry rival Bharti Airtel owned by billionaire Sunil Bharti Mittal also posted a quarterly loss, but the stock shot up 9.24% on the day. Conversely, mining company Vedanta ended lower despite reporting an increase in quarterly profit. Specifically, the name added 1.32%. On the Nifty 50, the list of outperformers also included Bharti Infratel and State Bank of India, which soared 9.71% and 5.54%, respectively, while, in the bear camp, Indian Oil, Hero MotoCorp and Bharat Petroleum retreated 3.87%, 1.94% and 1.87%. On the daily chart below, the BSE Sensex is trading near the lower end of a rising wedge, while the Slow Stochastic Oscillator is hovering near overbought territory. Consequently, the benchmark will likely break through the current formation and head lower in the short term.