Indian equities landed in positive territory on Tuesday, February 21 as pharmaceutical, M&M, high-tech and automotive stocks outperformed, while telecoms stood out among the laggards.Recapping the benchmarks, the Nifty 50 firmed 0.32% to 8,907.85, and the BSE Sensex closed 0.35% higher at 28,761.59.By 10:45 GMT, the USD/INR pair climbed 0.03% to 66.995, while EUR/INR retreated 0.61% to 70.5767. The 10-year Indian government bond yield stood at 6.903%.Telecom players Bharti Airtel and Idea Cellular pulled back 3.33% and 0.1%, respectively, on the back of increased competition from Reliance Jio Infocomm.Ambuja Cements saw 0.19% shaved off its market cap as the company reported lackluster sales for the three months ended in December.As noted above, high-tech names topped the advancers, with the market also supported by news that Tata Consultancy Services plans to run an INR 160 bn (USD 2.39 bn) buyback program. Notably, Tata Consultancy Services shed 1.47%, while Infosys, Tech Mahindra и HCL Technologies added 0.33%, 1.59% and 0.86%, respectively.M&M stocks were well bid, with Jindal Steel & Power spiking 9.24%.On the daily chart below, the BSE Sensex continues to trade within a rising band, while the RSI is in overbought territory, and the Slow Stochastic Oscillator is hovering around it. Given the above, upside potential is limited in the short term.