
Stock recommendations for 15 May from MarketSmith India
Subscribe to enjoy similar stories.Stock market recap: Indian equity markets showed resilience on 14 May, with the Nifty 50 rising 1.18% to close at 23,689.60 despite early volatility. Market breadth remained positive, with 1,725 gainers outpacing 1,540 decliners.Sectoral performance was largely bullish.
Nifty Pharma climbed 2.74%, while Nifty Healthcare gained 2.56%, reflecting strong defensive buying interest. Metal and PSU bank stocks also advanced more than 1.3%.
In contrast, Nifty IT emerged as the key laggard, falling 1.99% amid persistent global technology headwinds.Investor sentiment was shaped by the release of wholesale price index (WPI) data and shifting geopolitical dynamics in energy markets. The session also saw a rotation into commodity and healthcare stocks as institutional investors repositioned portfolios following recent policy cues.The broad-based recovery points to cautious optimism in the market, with investors closely tracking sectoral earnings and macroeconomic stability for further direction.Buy: Engineers India Limited (current price: ₹254)Buy: Alkyl Amines Chemicals Ltd (current price: ₹1,750)Nifty 50 performance on 14 MayIndian equity markets ended firmly higher on 14 May, with the Nifty 50 rising 277 points, or 1.18%, to close at 23,689.60 after sustained buying through the second half of the session.
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