
Stock recommendations for 22 April from MarketSmith India
Subscribe to enjoy similar stories.Stock market recap: Equity markets staged a robust recovery on Tuesday, as benchmark indices rebounded from volatility to finish with healthy gains. The Nifty 50 index closed at 24,576.60, up 211.75 points (0.87%), while BSE Sensex mirrored this strength, surging more than 600 points to settle above 79,100. Market sentiment was bolstered by easing crude oil prices and renewed optimism surrounding potential US-Iran diplomatic talks, which helped temper regional geopolitical concerns.
On the sectoral front, the performance was broad-based, led by a sharp rally in Nifty FMCG (2.55%) and Nifty Realty (2.14%). Financials and Private Banks also provided significant structural support, with Nifty Private Bank gaining 1.50%. Conversely, defensive pockets like Nifty Pharma and Consumer Durables faced mild selling pressure, ending the day in the red.
The market breadth remained in favour of bulls; the overall advance-decline ratio stood at a healthy 2,089 stocks advancing to 1,247 stocks declining.Two stock recommendations by MarketSmith India:Buy: Delhivery Ltd (current price: ₹472)Buy: Cupid Ltd (current price: ₹109) Nifty 50: how the benchmark index performed on 21 AprilIndian equities closed on a firm note, with Nifty 50 gaining 0.87% (up 211.75 points) to settle at 24,576.60, after trading within a range of 24,354–24,601. The benchmark sustained its upward bias throughout the session, indicating continued buying interest at lower levels. Broader market breadth remained positive, with 2,089 stocks advancing vs.
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