India’s stock market turned in negative performance on Wednesday, October 17. An ongoing outflow of foreign capital, as well as liquidity problems, dragged down the benchmarks. Recapping the benchmarks, the Nifty 50 fell 1.24% to 10,453.05, while the BSE Sensex 30 closed 1.09% lower at 34,779.58. The top advancers on the BSE Sensex 30 included Wipro and Coal India, which rose 1.39% and 1.28%, respectively. Among the decliners, Yes Bank and Adani sank 6.43% and 5.41%. On the Nifty 50, HCL Technologies and Wipro stood out among the best performers, gaining 1.85% and 1.68%, respectively. On the other side of the spectrum, Indiabulls and Bajaj Finance underperformed, plunging 14.27% and 6.97%, respectively. In the currency market, the USD/INR traded up 0.46% to 73.57, while EUR/INR climbed 0.10% to 85.1450. The 10-year government bond yield stood at 7.912%. Energy company Reliance Industries advanced 1.3% ahead of the release of the quarterly earnings report. India’s second largest software exporter Infosys rose 1.16% after reporting stronger-than-expected earnings in the previous quarter. India’s largest two-wheeler manufacturer Hero MotoCorp lost 3.17% after reporting quarterly earnings. Financial names came under pressure, with Indiabulls Housing Finance and Dewan Housing Finance tanking over 7%. From a technical standpoint, the BSE Sensex has tested the 35,500 mark, which is yet to be breached. Stochastic lines are buy-friendly and have not yet approached overbought territory. As a result, the benchmark still holds upside potential in the short term.