The Nifty ended the week with a bullish trend, as it showed signs of resistance at the 19,800 level. The short-term trend has turned positive, and experts suggest that any dips in the market could be buying opportunities. Smallcap stocks from the Nifty 500 index touched new 52-week highs during the rally. In the global market, Euro zone government bond yields rose after US employment data, and US stocks fell at open. India’s forex reserves dropped further, while US Treasury yields rose to their highest level since 2007. In the monetary policy review, the RBI decided to keep the repo rate unchanged. Oil prices held steady, and investors around the world hope that US job numbers will give the Federal Reserve less reason to hike interest rates. The Indian rupee closed flat against the US dollar, and the stock market extended its rally for the second day. TCS announced that its board will consider a share buyback, and there were top gainers and losers in the closing trade. The US FDA expressed dissatisfaction with Philips’ product recall, leading to a fall in the company’s stock. Stocks of Bajaj Finserv and Ujjivan SFB hit a 52-week high. The Sensex extended its rally, and India’s bond yields rose. Gold prices paused their decline, while Sensex and Nifty steadied as the MPC left the repo rate unchanged. The RBI expects inflation to ease in September, while private sector capex is gaining ground. The GDP for Q1 FY25 is predicted to be 6.6%. The RBI’s guidance is expected to provide direction to bond yields. MIC Electronics received an order worth Rs 2 crore from the Kota Division of the West-Central Railway Zone. Meanwhile, IndiGo introduced a fuel charge to offset rising fuel costs. The Indian rupee rose against the US dollar in early trade, and IOB and PNB were among the most active stocks in morning trade. The Sensex rose over 200 points, and there was a block deal of 1.13 crore PB Fintech shares worth Rs 871.2 crore. Asian stocks climbed, anticipating the US jobs data that could impact interest rate decisions.