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After eight consecutive weeks of decline, the Indian stock market has seen a spectacular comeback during the last trading week (5 to 9 October 2026). Amid global uncertainties and selling by foreign investors, on Friday, the last trading day of the week, the major index Sensex closed with a huge jump of 879 points at 72,472.33, while Nifty 50 also reached the level of 22,520.45 with a strong rise of 289 points or 1.30 percent. Meanwhile, to increase investor confidence, market experts have advised investing in low priced strong stocks.
Anand Rathi’s expert Mehul Kothari’s opinion on the market
According to Mehul Kothari, technical expert of Anand Rathi, this recent rise in the market is indicating that the process of bottom formation in the indices may have started. This recovery after the fluctuations in Nifty last week is positive. On the technical charts, ‘Triple Bullish Divergence’ has been observed in the RSI of Nifty 50, Nifty 500 and Midcap Index, which is considered a possible bullish sign in the market. However, experts believe that investors should still remain cautious and the range of 22,200 to 21,800 will act as a strong support zone for Nifty.
Expert’s eye on 3 stocks priced below Rs 200
For investors investing in low budget, Mehul Kothari has advised to buy three major stocks priced below Rs 200 (Vodafone Idea, Motherson Sumi and IDFC First Bank). These stocks are attracting investors’ attention due to their attractive valuations and technical breakouts. Let us know the targets and stop loss of these stocks:
1. Vodafone Idea (Vodafone Idea – Vi)
Experts have shown a positive stance on the shares of Vodafone Idea, a major company in the telecom sector.
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Buying Price: approximately ₹13
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Target Price: ₹15
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Stop Loss: ₹12
2. Motherson Sumi
Shares of auto component sector giant Motherson Sumi are also expected to rise.
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Buying Price: Consider buying above ₹34.
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Target Price: ₹38
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Stop Loss: ₹32
3. IDFC First Bank
A rise may also be seen in this popular stock related to the banking sector.
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Buying Price: Above ₹80.
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Target Price: ₹85
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Stop Loss: ₹71.50
Important advice for investors
Investors’ enthusiasm may have increased after this recovery in the stock market, but it is important to keep an eye on the selling by foreign institutional investors (FIIs) and the fluctuations in crude oil prices. Before investing in any stock, be sure to assess your financial position and risk appetite, and strictly follow the stop loss suggested by the experts.