Key Indian stock indices showed negative performance on Friday, June 14, taking their cue from other Asian markets. Notably, real estate, automotive, banking, air travel, O&G, media and consumer names traded in the red. On the Nifty 50, all key sectors declined, with the Nifty FMCG, the Nifty Media and the Nifty Realty ending 1.28%, 2.24% and 2.10% lower. Recapping the benchmarks, the Nifty 50 slipped 0.76% to 11,823.30, and the BSE Sensex eased 0.73%, settling at 39,452.07. By 10:55 GMT, USD/INR firmed 0.34% to 69.770, while EUR/INR traded up 0.27% to 78.5875. The 10-year Indian government bond yield stood at 6.926%. Generic drug maker Dr. Reddy’s Laboratories shed 1.03% after saying that it sealed a deal to sell its neurology treatment division. As noted above, banking and O&G stocks underperformed the broader market. As a result, Bank of Baroda, State Bank of India and CBI declined 2.35%, 0.87% and 0.87%, while Reliance Infrastructure, NTPC, Tata Power and Hindustan Petroleum gave up 5.81%, 1.63%, 1.29% and 1.24%, respectively. Among the advancers, Adani Gas stood out, rising 2.7% on reports that French Energy Giant Total is about to purchase a 30% equity stake in the company. The daily chart shows that a bearish engulfing pattern has shaped up on the BSE Sensex, while the Slow Stochastic Oscillator is pointing south. Consequently, a downturn can be expected in the short term.