Stock recommendations for 26 October from MarketSmith India
Stock market recap, Oct. 26 -- Indian equities extended their losing streak to a fourth straight session on Friday, as crude oil prices nearing $114 per barrel, renewed foreign selling, and a global selloff in technology stocks weighed on sentiment. Nifty 50 fell 87.65 points, or 0.39%, to close at 22,600, after sliding to an intraday low of 22,372, while Sensex slipped 125.56 points, or 0.17%, to settle at 73,123.83.
Both indices recovered sharply from the day's lows in the afternoon, led by IT stocks. For the week, Nifty lost about 2.4%. IT was the best-performing sector, with TCS, Infosys, HCL Tech, and Tech Mahindra rising, as investors bought Indian software firms despite overnight losses in U.S. tech giants such as Meta and Nvidia....
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