New Delhi, Oct. 17 -- The Indian equity market extended its winning streak on Thursday, 16 October, as bullish momentum returned with strong participation from banking, auto, and FMCG counters. The Nifty 50 surged 261.75 points or 1.03% to close at 25,585.30, while the Sensex advanced over 900 points, reflecting broad-based optimism ahead of key earnings announcements.

Why it's recommended: L&T continues to show impressive technical strength, consolidating near its all-time highs with strong buying interest from institutional participants. The daily RSI at 63.5 reflects healthy bullish momentum, while the MACD at +42.3 indicates sustained trend continuation. The ADX at 37.6 confirms an ongoing uptrend gaining strength. The stock is tradi...