New Delhi, Dec. 23 -- Stocks to buy for the short term: The Indian rupee's rebound from record lows and positive global cues, amid expectations of further rate cuts by the US Federal Reserve next week, have been keeping the Indian stock market up over the last two sessions.

The Nifty 50 rose 0.79% to end at 26,172.40 on Monday after rising by 0.58% on Friday, thus clocking a cumulative gain of 1.4% in two consecutive sessions.

The rupee, however, snapped its three-session winning streak on Monday, slipping by 0.4% to close at 89.65 per dollar. Foreign institutional investors (FIIs), too, sold off Indian stocks worth Rs.457.34 crore in the cash segment after buying for three consecutive sessions.

The market is expected to remain volatil...