Key Indian benchmarks moved higher on the back of stable improvements in the US job market on Tuesday, September 6. Meanwhile, US macro data fell slightly short of the forecast, thus reducing the likelihood of a Fed rate hike in September. Recapping the indices, the Nifty 50 closed 1.51% higher at 8,943, while the BSE Sensex 30 Index advanced 1.56% to 28,978.02. The day’s standout gainers were Axis Bank (+6.12%), ICICI Bank (+4.36%), and Yes Bank (+3.78%).On the downside, Tata Consult lost 1.22%, Coal India eased 1.04%, and Tata Power ended 0.63% lower. Automotive stocks outperformed, with Tata Motors hitting a 5-month high, while Maruti Suzuki India and Hero MotoCorp set new all-time highs. In the currency market, the USD/INR firmed 0.15% to 66.537, while EUR/INR rose 0.28% to 74.3110. Meanwhile, the volatility gauge India VIX, which tracks options on the Nifty 50 Index, sagged 1.47% to 12.7500, touching a new 52-week low. From a technical standpoint, the daily chart shows that the BSE Sensex 30 has hovered around 28.532. Meanwhile, stochastic lines are in overbought territory, and stars can be clearly seen in the candlestick chart, implying corrective movement.