Key Indian stock indices landed in the green on Monday, April 15 amid upbeat sentiment in Asian markets sparked by positive macro data out of China. Moreover, the local market drew support from Tata Consultancy Services’ quarterly earnings report, which showed a record-high net income. In sectoral terms, the session’s outperformers included automotive, technology, metals and mining, and real estate names, with the Nifty Auto, the Nifty IT, the Nifty Metal and the Nifty Realty gaining 1.53%, 1.27%, 2.27% and 1.65%, respectively. Recapping the benchmarks, the Nifty 50 advanced 0.40% to 11,690.35, and the BSE Sensex added 0.36% to 38,905.84. By 10:55 GMT, USD/INR firmed 0.31% to 69.385, while EUR/INR traded up 0.40% to 78.5175. The 10-year Indian government bond yield stood at 7.392%. In the technology sector, India’s largest software exporter Tata Consultancy Services surged 4.89% after reporting record-high profit for the last quarter. In particular, net income rose from INR 65.31 bn to INR 81.05 bn (USD 1.15 bn) in fiscal Q3 ended in December, while analysts, on average, expected INR 82.19 bn. Infosys also released positive earnings, with net income and revenue outpacing the median consensus. However, the stock plunged 2.61% as the company announced worse-than-expected operating profit guidance for fiscal 2020. On the Nifty 50, the list of outperformers also included Tata Motors, Coal India, Tata Steel and Hero MotoCorp, which soared 7.43%, 4.15%, 3.81% and 2.39%, respectively. The daily chart shows that a bullish flag pattern is shaping up on the BSE Sensex. Consequently, the uptrend will likely gain traction in the short term.