The Indian stock market delivered mixed performance on Wednesday, April 19, with investors primarily focused on quarterly earnings from the banking sector this week. Notably, Indusind Bank released a report today, while Yes Bank and HDFC Bank will issue their earnings statements later this week.Healthcare, O&G and financial stocks underperformed the broader market, while automotive and utility names stood out among the advancers. Recapping the benchmarks, the Nifty 50 ticked down 0.02% to 9,103.50, and the BSE Sensex rose 0.06% to 29,336.57. By 10:37 GMT the USD/INR pair weakened 0.02% to 64.596, while the EUR/INR dropped 0.07% to 69.2744. The 10-year Indian government bond yield stood at 6.856%. Banking names were among the session’s worst performers. Specifically, Axis Bank, State Bank of India and ICICI Bank shed 0.03%, 2.15% and 1.01%, respectively. IndusInd Bank declined 0.71% despite reporting a 21% y-o-y increase in 1Q net profit to INR 7.52 bn (USD 116.4 mn) compared to INR 6.20 bn a year earlier. National Aluminium saw 7.76% shaved off its market cap after announcing that the government plans to sell its 10% stake in the company. Aurobindo Pharma took a beating, sliding 3.65% on reports that the US FDA’s inspection found some lapses at the company’s facilities in Hyderabad. Neuland Labs and Natco Pharma plunged 4.59% and 2.24%, respectively. The daily chart shows that the BSE Sensex continues to trade within the 29,155-30,000 range, while the Slow Stochastic Oscillator is in oversold territory. Given the above, the benchmark holds limited downside potential in the short term.