Indian stock market, Aug. 24 -- Following heavy selling in the Indian stock market on Friday and expectations of a trend reversal on Dalal Street after Jerome Powell's speech at the Jackson Hole Symposium, which sparked hopes of a US Fed rate cut, some bargain buying is anticipated on Monday.

On the weekly basis, the Indian stock market ended higher for the second consecutive week, with benchmark indices Nifty 50 and Sensex advancing nearly a percent. The Nifty closed at 24,870.10, while the Sensex ended at 81,306.85.

Optimism over a potential GST rate revision lifted sentiment early on and continued to build throughout the week, though some profit-taking in the final session pared back a portion of the gains.

Looking at the current ma...