
Stock recommendations for 17 February from MarketSmith India
Subscribe to enjoy similar stories. Stock market recap: On Monday, the Indian equity benchmarks staged a robust late-session recovery, snapping a two-day losing streak as Nifty 50 surged 211.65 points (0.83%) to finish at 25,682.75. Similarly, S&P BSE Sensex reclaimed 83,000, jumping 650.39 points (0.79%) to close at 83,277.15.
The rally was primarily underpinned by heavy buying in the banking and energy sectors, with HDFC Bank and Power Grid leading the gainers. However, the IT sector remained a significant laggard for the fourth consecutive session, pressured by persistent concerns over AI-driven disruption and revised capital market exposure norms by the RBI, which hit brokerage stocks like Angel One. Despite the headline gains, the advance-decline ratio remained weak at approximately 1:1.4 on the BSE, with 1,796 stocks advancing and 2,503 declining, indicating a cautious undercurrent in the broader market.
Macroeconomically, January’s WPI inflation rose to 1.81%, and a record December trade deficit kept sentiments in check. Two stock recommendations by MarketSmith India: Buy: Cummins India Limited (current price: ₹4,525) Buy: Godawari Power & Ispat (current price: ₹268) Nifty 50 recap Indian equities closed firmly in the green on 16 February, with Nifty 50 advancing 0.83% or 211.65 points to settle at 25,682.75, after trading in a range of 25,372.70–25,697.00. Sensex mirrored the momentum, supported by broad-based buying across financials, pharma, FMCG, and realty.
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