Key Indian stock indices landed in positive territory on Tuesday, June 11, taking their cue from global markets. Notably, upbeat sentiment was sparked by US President Donald Trump’s decision to suspend tariffs on Mexican imports indefinitely as the countries signed an agreement aimed at controlling immigration flows into the US. At the same time, traders brushed off Trump’s new threats regarding China. Specifically, the US president said he will hike tariffs on USD 300 bn worth of Chinese imports unless Xi Jinping attends trade negotiations on the sidelines of the G20 Summit. On the Nifty 50, the list of top performers included banking, media and metals stocks, while the pharmaceutical and consumer sectors ended in the red. Recapping the benchmarks, the Nifty 50 advanced 0.36% to 11,965.60, and the BSE Sensex rose 0.42% to 39,950.46. By 10:47 GMT, the USD/INR pair eased 0.08% to 69.454, while EUR/INR slipped 0.08% to 78.5820. The 10-year Indian government bond yield stood at 7.057%. In the metals sector, Vedanta outperformed the broader market, rising 2.42%, tracking copper prices. As noted above, the session’s frontrunners included banking stocks. In particular, Canara Bank, Bank of Baroda, Syndicate Bank, State Bank of India and Bank of India picked up 3.76%, 2.88%, 2.37% and 1.03% and 1.37%, respectively. Jet Airways tanked 10.3% on reports that Hinduja Group and Etihad Airways may shelve plans to bail out the company. The daily chart shows that the BSE Sensex continues to trade within a rising wedge near its lower end, while the Slow Stochastic Oscillator and the RSI are bull-friendly at this point. As a result, the benchmark will likely head towards the upper line of the current formation in the short term.