Stock recommendations for 18 March from MarketSmith India
Stock market recap: Indian stock market benchmark indices Sensex and Nifty ended 0.7% higher on Tuesday, 17 March, following gains in global peers. Meanwhile, investors remained on edge amid lingering concerns over the ongoing US-Iran conflict in the Middle East, a sharp rise in crude oil prices, and continued strength in the US dollar, all of which have weighed on risk appetite.Sensex ended 568 points or 0.75% higher at 76,071 while Nifty rose 172 points or 0.74% to settle at 23,581.
Among broader markets, Nifty Midcap 100 rose 1% while Nifty Smallcap 100 advanced 0.65%Among sectors, Nifty Auto and Nifty Metal were leading while Nifty IT and Nifty FMCG lost the most.Two stock recommendations by MarketSmith India:Buy: Tata Power Co. Ltd(current price: ₹400)Buy: Data Patterns (India) Ltd (current price: ₹3,300)Nifty 50 performance on 17 MarchIndian equities ended on a firm footing on 17 March, with Nifty 50 advancing 0.74% to close at 23,581.15, supported by broad-based buying across cyclicals and financials.
The index traded in the range of 23,346–23,656, witnessing a steady upward bias through the latter half of the session, indicating improving risk appetite. Market breadth remained positive, with advances outpacing declines (1,934 vs.
1,299), reflecting broader participation beyond index heavyweights. Sector-wise, Metals (+2.8%), Auto (+2.1%), and Realty (+1.8%) led the gains, while Financials also contributed meaningfully.
In contrast, IT (-0.97%) and FMCG (0.75%) lagged, suggesting mild sectoral rotation. The sustained strength in domestic-facing sectors points to continued confidence in economic momentum, while global cues remained largely supportive.Nifty 50’s recent price action reflects a corrective phase within
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