New Delhi, Feb. 23 -- Stocks to buy for the short term: The Indian stock market settled in the positive territory last week, as investors picked stocks selectively in financials, energy, power, and pharma sectors.

However, gains were muted as foreign institutional investors (FIIs) sold Indian stocks worth over Rs.600 crore in the cash segment last week. The Nifty 50 inched up by 0.40% for the week ended February 20.

Jigar S. Patel, Senior Manager of Equity Technical Research at Anand Rathi Share and Stock Brokers, pointed out that after failing to sustain above the 26,000-resistance zone, the Nifty entered a corrective and volatile phase.

The index initially rebounded towards 25,900 but faced selling pressure, dragging it down to a fre...