Nifty Forms Eight-Week Losing Streak as Axis Direct Picks Three Stocks

Indian equities extended declines in September, with the Sensex falling nearly 5.8% and Nifty dropping up to 6.1% amid global economic pressures.

Axis Direct noted that Nifty formed a lower-low and lower-high pattern for eight consecutive weeks, establishing crucial support at the 22,200 mark.

The brokerage recommended buying select stocks including Galaxy Surfactants, Mankind Pharma, and Engineers India with a 3 to 4-week holding period.