The Indian stock market turned in mixed performance on Wednesday, June 19. Sentiment is conflicted ahead of the end of the Federal Reserve’s two-day meeting. Investors enthusiastically greeted news that China and the US will resume trade talks at the G20 summit. The external news flow was patchy as Asian equities closed higher, while European names are in retreat By the close, the Nifty 50 dipped 0.13% to 11,691.45, while the BSE Sensex rose 0.17% to 39,112.74. By 10:21 GMT, USD/INR firmed 0.40% to 69.738, while EUR/INR advanced 0.33% to 78.1460. The 10-year Indian government bond yield widened to 6.839%. Steelmakers enjoyed strong demand, tracking iron ore prices higher. Specifically, Tata Steel shares surged 4.6%. The decliners included industrial conglomerate Reliance Industries, which slipped 0.2% on media reports that the company plans to invest roughly INR 200 bn (USD 2.88 bn) in its telecom division, Reliance Jio. Can Fin Homes shares advanced 1.2% after the board of Canara Bank approval the sale of its stake in the company. Shares of air carrier Jet Airways continued to sink (down 18.3%) ahead of a court hearing after its creditors requested to initiate bankruptcy proceedings. The daily chart shows that the BSE Sensex continues to trade near the lower line of a rising band and the lower bound of Bollinger Bands. Meanwhile, the Slow Stochastic Oscillator is in oversold territory, so the index could head further north in the short term. $SENSEX, S&P BSE SENSEX INDEX / D