
Stock recommendations for 21 April from MarketSmith India
Subscribe to enjoy similar stories.Stock market recap: Indian equity benchmarks ended a volatile session on Monday with a positive bias. Indices had opened higher, tracking firm global cues, and briefly strengthened around midday, but gave up most gains as concerns around the US-Iran ceasefire kept sentiment cautious.Sensex closed up 26.76 points at 78,520.30, while Nifty 50 edged up 11.30 points to settle at 24,364.85.Sectoral performance was mixed.
Nifty PSU Bank (+0.87%) and Nifty Auto (+0.33%) provided support, while Nifty IT (-0.70%) and Metal (-0.39%) emerged as key laggards.Market breadth remained weak, underscoring the lack of conviction in the broader market. On the NSE, the advance-decline ratio stood at roughly 1:1.6, with 1,262 stocks advancing against 2,045 declining, while 120 remained unchanged.Investors are likely to stay cautious in the near term as elevated crude oil prices and a sharp 9.61% jump in the India VIX point to heightened volatility ahead.Buy: Blackbuck Ltd (current price: ₹617)Buy: City Union Bank Ltd (current price: ₹266)Nifty 50 performance on 20 AprilIndian equities ended on a muted note on 20 April, with the Nifty 50 closing marginally higher by 0.05% at 24,364.85.
The session remained range-bound, with a mild negative bias in the latter half of the day. The index moved between 24,241 and 24,480, reflecting hesitation at higher levels and intraday profit booking at the upper end of the range.Market breadth stayed weak, with declines clearly outpacing advances.
The advance-decline ratio stood at 1,262:2,045, indicating underlying pressure despite the flat headline close.Sector-wise, gains in PSU Banks, Media, and Auto offered some support. However, IT (-0.70%), Realty (-0.62%), and Metals
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