On Friday, August 5, key Indian stock indices logged decent gains.Indian equities joined a rally that was sparked in the entire Asian region after the Bank of England launched an impressive stimulus package. The British regulator was anticipated to act to bolster the economy in the run-up to Brexit, but announced decisions substantially overshot what the investment community had expected. Meanwhile, the scope of today’s rally was limited by the upcoming release of the July jobs report stateside that could cast some light on the Fed’s further plans. It should also be noted that the Reserve Bank of India is to meet on August 9, and investors, as a whole, expect no surprises, with the interest rate to be left unchanged. Recapping the indices, the Nifty 50 jumped 1.54% to 8,683.15, while the BSE Sensex Index rose 1.31% to 28,078.35. In the blue-chip segment, Grasim Industries, Hero MotoCorp, Hindalco Industries, Ambuja Cements, Bajaj Auto and UltraTech Cement surged over 4%. The likes of Tech Mahindra, Power Grid, and Bharti Infratel landed marginally in the red. In the currency market, USD/INR was up 0.09% to 66.78, while the 10-year government bond yield fell 0.17% to 7.16%.On the corporate front, machine engineering firm Suzlon Energy spiked 5.2% after its board chairman said the company would wrap up debt restructuring by March 2017. Friday’s champions included industrial concern Bharat Forge (up 12.5%), with primary items of its quarterly earnings report beating the consensus. On the other side of the ledger, sugar supplier Dhampur Sugar Mills crashed 7.7% on worse-than-forecast Q2 financials. From a technical standpoint, an ascending wedge has shaped up on the daily chart of the Sensex Index, signaling upside potential is limited. At the same time, the index may trade higher over the next few sessions before reversing to a correction. $SENSEX, S&P BSE SENSEX INDEX / 1440