Indian Stocks Fall Fifth Week, Analysts Predict Rebound

Indian indices Sensex and Nifty extended their losing streak to a fifth week, with Nifty slipping 2% below key moving averages. Analysts say the indices have entered oversold territory, leaving room for a short-term rebound. Kotak Mahindra Bank and LIC Housing Finance are top stocks to watch, with Kotak Mahindra Bank being a buy at CMP Rs 419 with a target of Rs 432-439 and LIC Housing Finance being a buy at CMP Rs 562.90 with a target of Rs 598-615. Nifty may rebound to 23,800, with a break below 23,000 dragging the index to 22,800-22,500.