The Indian stock market staged a sharp recovery over the past week, with Nifty ending 2.8% higher and Sensex gaining 2,250 points. According to reports from Live Mint, IT sector emerged as the top performer, rallying over 10%, while Media, Cement, Auto, Metal and PSU Bank also advanced. However, Healthcare and FMCG indices declined by more than 1% despite the strong market momentum. The Nifty 50 closed at 23,146.15, gaining 148.80 points (+0.65%) after recovering from an early decline to 22,913.80. As reported by Choice Broking's Sumeet Bagadia, the Nifty 50 RSI improved to 52.81, well above its average of 34.70, indicating strengthening bullish momentum.
Among A-listed stocks, Tata Elxsi emerged as the top gainer with nearly 23% weekly gains, followed by Gallantt Ispat with 21% and 63 Moons Technologies with 20%. As reported by Live Mint, Tips Music and Tech Mahindra also logged around 20% gains last week. On the losing side, KRN Heat Exchanger topped the list with 17% decline, followed by Yes Bank and Avalon Technologies which lost around 14% last week. HDB Financial Services lost more than 12.50% during the same period.
According to Choice Broking's Sumeet Bagadia, three stocks are recommended for Monday trading: Bajaj Finance at ₹982 with target ₹1090 and stop-loss ₹928, Dr Reddy's Laboratories at ₹1233 with target ₹1365 and stop-loss ₹1167, and Grasim Industries at ₹2920 with target ₹3240 and stop-loss ₹2760. As reported by Live Mint, Bajaj Finance has shown resilience by absorbing selling pressure within its primary demand zone of ₹945 to ₹960, while Dr Reddy's has staged a firm recovery within an ascending channel. Grasim Industries saw strong demand-driven accumulation around the ₹2,850-2,860 support pocket.
Latest trading data shows Tech Mahindra leading gains with 8.48% rise to ₹1,790, followed by Tata Consultancy Services at 4.89% and Infosys at 4.61%. On the losing side, InterGlobe Aviation declined 1.91% to ₹4,686.90, while BSE fell 1.90% to ₹3,363. Technology stocks dominated the gainers list, with Tech Mahindra showing strong volume of 2,08,27,864 shares and TCS recording 1,21,63,965 shares. The mixed performance reflects varied sectoral trends, with technology shares attracting buying interest while aviation and financial services faced selling pressure.
