On Monday, July 18, key Indian equities showed negative preformance amid falling oil prices. In the first half of the day, the market was supported by financial report of Reliance Industries, which turned out to be better than expected.Key macro data, released on Friday, included June trade deficit amounted to USD 8.12 bn compared to USD 6.27 bn in May, while analysts projected for a deficit of USD 6.35 bn. Exports totaled USD 22.57 bn, while imports stood at USD 30.69 bn.The Nifty 50 ticked down 0.38% to mark of 8,508.7, while the BSE Sensex 30 slid 0.32% to 27,746.66.On the Nifty 50 inde, Bajaj Auto, Tata Motors, Bharti Infratel outperformed the broader market, rising more than 1%. Bharti Airtel, Oil & Natural Gas and Idea Cellular were out of lack, giving up more than 4%.On the BSE Sensex 30, Bharti Airtel, and Oil & Natural Gas were among the decliners, while Bajaj Auto, Infosys, and AXIS Bank topped the advancers.On the currency market, USD/INR inched up 0.09% to 67.541, while EUR/INR climbed 0.22% to 76.5780.Energy company Reliance Industries picked down 0.59%, despite it reported an increase in earnings, up 19% q-o-q.The stocks of the automotive industry were well-bid, with Tata Motors and Maruti Suzuki India pacing the sector gains.The largest Indian paint company Asian Paints traded up the third day in a row, while the lender Axis Bank reached an eleven-month high.MindTree Company was down 3.62%, ahead of the 1Q financials release.From a technical standpoint, the index BSE Sensex 30 is trading within rising wedge, having reached the upper bound at 28,000. Stochastic lines heading south, are in the overbought territory, so the benchmark is likely to show a fall to 26,600-26,800.