
Stock recommendations for 23 March from MarketSmith India
Stock market recap: The Indian equity benchmarks staged a resilient recovery on Friday, 20 March 2026, as Nifty 50 climbed 0.49% to settle at 23,114.50, while Sensex gained 325.72 points to end at 74,532.96. This rebound followed a period of intense volatility and provided a relief rally after recent sharp sell-offs.Market sentiment was buoyed by easing crude oil prices, which retreated toward $105 per barrel following diplomatic signals aimed at de-escalating West Asian tensions.
On the sectoral front, Nifty pharma and PSUbanks led the gainers, while Nifty IT found support from global value-buying.On the other hand, realty and financial services underperformed, with HDFC Bank facing pressure following high-level leadership exits. The broader market breadth remained notably positive, driven by a healthy advance-decline ratio where roughly two stocks rose for every one that fell on the BSE.Two stock recommendations by MarketSmith India:Buy: CCL Products (India) Ltd (current price: ₹1,087) Buy: Aurobindo Pharma Ltd (current price: ₹1,291)How Nifty 50 Performed on 20 MarchIndian equities ended on a positive note, with Nifty 50 gaining 0.49% (+112 points) to close at 23,114.5, supported by broad-based buying across IT, Pharma, Metals, and PSU Banks.
Sensex also mirrored the uptrend, closing higher amid improved risk appetite. Market breadth remained constructive, with advances outpacing declines (1,884 advances vs.
1,337 declines), indicating underlying strength beyond index heavyweights. Sectorally, Nifty IT (+2.17%), PSU Bank (+2.07%), and Pharma (+1.99%) led the gains, while Financials, particularly private Banks, lagged, capping sharper upside.
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