New Delhi, Aug. 4 -- Stocks to buy for the short term: Frontline indices, the Sensex and the Nifty 50, extended gains for the fourth consecutive session on Monday, 4 August. The 30-share pack has climbed over 1,850 points, or 2.44%, while the NSE counterpart has gained about 800 points, or 3.3%, in these four sessions.

Investors' wealth has jumped by more than Rs.11 lakh crore in four sessions, with the overall market capitalisation of firms listed on the BSE at Rs.479 lakh crore on 28 July.

The Nifty ended at 24,774 on Monday, surpassing the psychologically important 24,500 mark and its 200-day EMA, signalling a strong bullish reversal.

"With the index now trading above all its key moving averages, the broader technical structure rema...