
Stock recommendations for 13 May from MarketSmith India
Subscribe to enjoy similar stories.Stock market recap: Indian equity markets ended Wednesday’s session on a resilient note, with late buying helping benchmarks overcome early volatility. The Nifty 50 closed at 23,412.60, up 33.05 points, or 0.14%.Still, broader sentiment remained cautious after the Indian rupee slid to a fresh record low of 95.80 against the US dollar, weighed down by elevated crude oil prices and continued foreign institutional investor (FII) outflows.Market breadth remained firmly positive, with 1,962 stocks advancing against 1,303 declines, signalling broad-based buying interest beyond index heavyweights.Among sectors, Nifty Metal outperformed with a sharp 3.18% gain, followed by Consumer Durables and Oil & Gas, which rose 1.67% and 1.28%, respectively.
In contrast, IT and auto stocks came under pressure, with the Nifty IT and Auto indices declining 1.13% and 0.97%.While geopolitical tensions continue to weigh on investor sentiment, domestic markets are drawing support from sectoral rotation and sustained participation in mid- and small-cap stocks.Buy: Hindustan Copper Ltd (current price: ₹595)Buy: NMDC Ltd (current price: ₹91)Nifty 50 performance on 12 MayIndian equity benchmarks ended marginally higher on 13 May after a volatile trading session, with the Nifty 50 closing at 23,412.60, up 33.05 points, or 0.14%. The Sensex also ended in positive territory, aided by selective buying in metal, oil & gas, FMCG and consumer durable stocks.Broader market participation remained strong, with 1,962 stocks advancing against 1,303 declines, while 113 shares remained unchanged.Among sectors, Nifty Metal emerged as the top gainer, surging 3.18%, followed by Consumer Durables and Oil & Gas, which rose 1.67% and
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