Stock market news, Oct. 18 -- The domestic benchmark indices, Nifty 50 and Sensex recorded their strongest weekly gains in six months on Friday, led by a rally in IT stocks following better-than-expected quarterly earnings. A selloff in global AI-related stocks also encouraged investors to seek value in other sectors.

The Nifty 50 climbed 2.8% over the week to 23,146.15, while the Sensex advanced 3.1% to 74,729.27, marking their best weekly performance since April 10. In Friday's session, the Nifty gained 0.7%, while the Sensex rose 0.6%.

Chandan Taparia of Motilal Oswal Financial Services, has recommended buying Mphasis, Hindustan Aeronautics (HAL) and Indian Hotels Company. He has set a target price of Rs.2,650 for Mphasis with a stop...