SBI, HCL Tech, Eicher Motors: Top 3 stock picks by Sumeet Bagadia | Target, stop-loss, Nifty, Bank Nifty outlook

What happened: Indian benchmarks rebounded on Friday, October 9, ending an eight-week losing streak. Sumeet Bagadia of Choice Broking named SBI, HCL Tech and Eicher Motors as his stock picks for Monday. Key numbers: Nifty rose 1.30%, Sensex 1.23%, Bank Nifty 1.36%. FII outflows about ₹39,779 crore in October so far; DII buying about ₹40,355 crore. Why it matters: Bagadia said the Nifty chart signals improving short-term sentiment though the broader structure stays weak below key moving averages. Domestic institutional demand has cushioned the market against foreign selling.

Indian benchmarks rebounded on Friday, October 9, ending an eight-week losing streak. Sumeet Bagadia of Choice Broking named SBI, HCL Tech and Eicher Motors as his stock picks for Monday.

Bagadia said the Nifty chart signals improving short-term sentiment though the broader structure stays weak below key moving averages. Domestic institutional demand has cushioned the market against foreign selling.