On Tuesday, April 26, Indian benchmarks traded north, snapping a two-day decline as oil prices rose, while a number of companies released their financial results. Furthermore, the US Fed and the Bank of Japan are due to release the outcome of their two-day meetings. The Nifty 50 increased 1.37% to 7,962.65, while the BSE Sensex 30 jumped 1.28% to 26,007.30. Among the Nifty 50 components, Adani,BhartiInfratel, andHeroMotoCorp underperformed the broader market, losing over 1%. Hindalco Industries, IdeaCellularandVedanta paced the advancers, each soaring over 4.5%. On the BSE Sensex 30, Dr.Reddy'sLabs,HeroMotoCorp, andBajajAuto were out of luck, while Hindalco Industries,TataPowerandVedanta topped the best performers. On the currency market, USD/INR slid 0.27% to 66.50, while EUR/INR ticked down 0.15% to 75.02. The 10-year bond yield stood at 7.491%. Indian carmaker Maruti Suzuki India surged 3.85% after saying its revenue climbed 12.5% in the fourth fiscal quarter. Conversely, the company’s netprofitcontracted 11.7%. The second largest aluminum supplies for the automotive industry Hindalco Industries soared 4.83% on news Australian company Metal X is looking to sweeten its bid for Aditya Birla Minerals, a unit of the company. Tobacco company Godfrey Phillips India tanked 17.39% on news the government of the country may ban investment in this sector by Western investors. Pharmaceutical company Sun Pharmaceutical Industries was 0.69% higher after reaching a four-week low. Axis Bank added 2.19%. Analysts expect the bank will report a 7% rise in its net profit to INR 23.3 bn in the fourth quarter. From a technical standpoint, a rising wedge is taking shape on the chart. The index is near its upper end around 26,000. Stochastic lines are pointing south and are in overbought territory, but the bears have failed to muster a stronger downside movement yet.