Guwahati: During the week, Indian equities markets extended their upward trend, buoyed by strong global signals and better-than-expected local sentiments bolstered by blue chip firms' first-quarter reports.

Reliance Jio, a subsidiary of Mukesh Ambani's Reliance group, reported a net profit of Rs 4,335 crore for the first quarter ending June.
FIIs' continued purchasing, along with solid results, kept domestic stock markets moving this week.

Except for information technology, pharmaceuticals, and oil and gas, all other industries finished in the black, with banking and financial services leading the way, up more than 1%.

Despite the European Central Bank's surprise rate hike of 50 basis points, the first in 11 years, and dismal German manufacturing PMI data, global markets remained upbeat.

On Monday, the Sensex will react to the results of numerous index heavyweights that released their data over the weekend.
The rupee gained ground on Friday as crude oil prices fell.

According to Jateen Trivedi, VP Research Analyst at LKP Securities, the rupee remained range-bound this week, hovering around the 80-mark versus the dollar while the dollar index moved between 106 and 109.

Crude prices in Brent were around 105 dollars, indicating instability, but reverting back to prior week levels offered the rupee little impetus.

All eyes will be on the US central bank-Federal Reserve's position on curbing increasing inflation.

On the global front, the major events to monitor would be the US Fed meeting and the US Q2 GDP figures.