The Indian stock market landed in positive territory on Monday, March 10, with the Sensex and the Nifty 50 reaching record highs in intraday trading. Upbeat sentiment was driven by US payrolls and Chinese inflation data. The session’s outperformers included pharmaceutical, high-tech and real estate stocks. Recapping the benchmarks, the Nifty 50 advanced 1.09% to 9,771.05, and the BSE Sensex closed up 1.13% at 31,715.64. By 10:41 GMT, USD/INR edged down 0.13% to 64.541, while EUR/INR slid 0.20% to 73.5074. The 10-year Indian government bond yield stood at 6.496%. Sun Pharma advanced 2.68% on news that it settled legal disputes with a number of US claimants. Meanwhile, rating agency Care Ratings saw its shares rise 6.75%. As noted above, high-tech names outperformed the broader market, with Infosys, Tata Consultancy Services and Tech Mahindra adding 2.31%, 4.42% and 1.08%, respectively. The daily chart shows that the BSE Sensex has repeatedly broken out of the upper line of Bollinger Bands, while the Slow Stochastic Oscillator is in overbought territory. Consequently, a correctional downturn can be expected in the short term. $SENSEX, S&P BSE SENSEX INDEX / H1