

Stock recommendations for 30 December from MarketSmith India
Indian stock markets: The Indian equity benchmarks ended Monday’s trading session on a cautious and subdued note, as persistent selling pressure weighed on overall market sentiment.Nifty 50 declined 0.38% to close at 25,942.10, while Sensex shed 346 points to settle at 84,695.54. Market breadth remained weak, with only 11 stocks advancing against 39 declines within Nifty 50 pack, highlighting broad-based selling and a negative undertone across sectors.Although selective buying was visible in a handful of stocks, it failed to offset the overall weakness.
Broader markets underperformed the frontline indices, reflecting a risk-off stance among investors and limited participation in the prevailing market trend.Two stock recommendations by MarketSmith India:Buy: Karur Vysya Bank Limited(current price: ₹132)Buy: V.S.T Tillers Tractors Limited, current price: ₹38.50)Nifty 50 RecapNifty 50 opened on a flat note and remained confined to a narrow, range-bound zone throughout the trading session, reflecting a lack of strong directional conviction among market participants.The index continued to trade on a subdued tone and formed its third consecutive bearish candle on the daily chart, characterized by a lower-high and lower-low price structure, indicating a gradual loss of near-term momentum. From a technical standpoint, the momentum indicator, RSI, has turned downward and is currently positioned around 49, signaling weakening strength.Additionally, the MACD has registered a negative crossover, suggesting emerging selling pressure.
Although it continues to hold above its central (zero) line and indicates that the broader trend has not yet fully deteriorated. Overall, the technical setup warrants caution in the short term.
Read on livemint.com