Nifty: The Indian stock market recovered well last week over the holiday season. Despite a drop at the start of the week, the market was revived by strength in the banking and metal sectors. There is now a fresh sense of enthusiasm among investors. Ganesh Dongre, Senior Manager, Technical Research, Anand Rathi, suggests purchasing three specific stocks on Monday, October 6, 2025, in light of this situation.

Bank and Nifty. The Nifty’s strength increases investor confidence

The Nifty 50 saw a weekly rise of 0.97% last week, closing at 24,894. In the meantime, there were notable advances of 2 to 5 percent in the midcap and smallcap indices. The Reserve Bank of India (RBI) maintained its neutral policy stance and the repo rate at 5.5% during its monetary policy meeting on October 1. In order to emphasise India’s excellent balance between growth and inflation, RBI Governor Sanjay Malhotra increased the FY26 GDP growth prediction to 6.8%. Investor trust in the market was further bolstered by this.

Bank Nifty was scrutinised; PSU banks and NBFCs performed well.

Last week, the Bank Nifty was also able to stay above the 54,000 mark. While the 56,000–57,000 area is a crucial resistance zone, the 53,500–54,000 range is regarded as solid support. Stable RBI policies have supported the strength of PSU banks and NBFCs. The stock market may resume its upward trajectory if the Bank Nifty makes a clear move above the 57,000 barrier in the upcoming week.

Three Robust Stocks to Keep an Eye on Next Week

This week, Ganesh Dongre advises investors to focus especially on three equities. First, with a target price of Rs179 and a stop loss of Rs165, Tata Steel is regarded as a buy at the Rs170–172 levels.

Adani Green is the second stock market, and it is advised to purchase it between Rs 1060 and Rs 1070. A target price of Rs1150 and a stop-loss of Rs1020 have been established.

Disclaimer: This article is for informational purposes only. Any stock recommendation contained herein does not constitute investment advice. Investing in the stock market is subject to risks. Consult your financial advisor before investing.

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