

Stock recommendations for 17 March from MarketSmith India
Stock market recap: Indian equity markets saw a cautious recovery on Monday, after a bruising sell-off last week. Nifty 50 managed to close marginally higher, settling at 23,178.65, up by 27.55 points (0.12%), while Sensex edged 35 points (0.05%) higher to finish at 74,598.92.
The session was marked by high intraday volatility as investors balanced value buying in heavyweights like HDFC Bank and UltraTech Cement against persistent geopolitical tensions, in West Asia, and crude oil prices hovering above $100 per barrel. Despite the slight gains in frontline indices, the broader market sentiment remained weak.
The advance-decline ratio was skewed the bears, with roughly 1,122 stocks advancing and 3,082 declining on the BSE, reflecting localized pain in the mid-cap and small-cap segments. Sectorally, Metals and FMCG showed resilience, while Oil & Gas and IT faced selling pressure.Two stock recommendations by MarketSmith India:Buy: Adani Power Ltd (current price: ₹154.5)Buy: BSE Ltd (current price: ₹2,860)Nifty 50 performance on MondayOn Monday, Indian equities ended the session on a strong note, with benchmark indices advancing despite broader market weakness.
Nifty 50 closed at 23,408.80, up 257.70 points (+1.11%), after trading in a range of 22,955.25–23,502.00, indicating a sharp late-session recovery from intraday lows. Financial and auto stocks led the gains, with Nifty financial services (+1.36%), private bank (+1.24%), FMCG (+1.14%), and auto (+1.67%) emerging as the top sectoral performers, supporting the index’s upward momentum.
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