New Delhi, Nov. 21 -- Indian equities extended their upward momentum for a second straight session on Thursday, with the Nifty nearing record territory amid global optimism and sectoral resilience.

The Nifty 50 surged past the 26,200 mark during intraday trade, buoyed by upbeat global cues and sustained institutional buying, before settling at 26,192.15, up 139.50 points (0.54%). The Sensex climbed 446.21 points (0.52%) to close at 85,632.68, supported by gains in banking and energy stocks. The Nifty Bank index notched its fourth consecutive record high, peaking at 59,440.10 and ending at 59,347.70, up 0.22%.

Here are three stocks to buy or sell as recommended by Raja Venkatraman of NeoTrader

SBILIFE (Cmp Rs.2027.10)

SBILIFE: Buy abov...