New Delhi, Sept. 4 -- On Wednesday, 3 September, Indian equities advanced strongly, supported by a mildly bullish undertone that helped benchmarks sustain in the green throughout the session.

The Nifty 50 rose 135.45 points, or 0.55%, to close at 24,715.05, while the BSE Sensex climbed 409.83 points, or 0.51%, finishing at 80,567.71. The Bank Nifty gained 406.55 points, or 0.76%, to settle at 54,067.55, reflecting renewed buying interest in financial counters.

Why Tata Steel is recommended: Tata Steel is showing extremely strong technical momentum as it trades near recent highs. The 14-day RSI has surged into overbought territory (82), highlighting strong buying interest. The MACD is in positive territory and generating bullish signals,...