New Delhi, Oct. 6 -- Stocks to buy for the short term: The Indian stock market ended with decent gains of about 1 per cent for the week ended October 3 after the Reserve Bank of India's (RBI) monetary policy announcement. The RBI maintained a status quo on the policy rate and stance, but the projection of growth and inflation trends, along with the dovish tone of RBI Governor Sanjay Malhotra, lifted market sentiment.

The Nifty 50 settled at 24,894 on Friday, inching closer to the psychologically important 25,000 mark. Banking heavyweights are driving the gains. The Nifty Bank index rose over 2 per cent last week.

Jigar S. Patel, Senior Manager of Equity Technical Research at Anand Rathi Share and Stock Brokers, noted that the central ba...