
Stock recommendations for 30 January from MarketSmith India
Subscribe to enjoy similar stories. Stock market recap: On Thursday, the Indian equity benchmark indices showcased remarkable resilience, recovering from steep intraday losses to close in positive territory. Nifty 50 climbed 0.29% to settle at 25,416.65, while the S&P BSE Sensex added 222 points to finish at 82,566.
This late-session recovery was largely catalyzed by the tabling of the Economic Survey 2025–26, which bolstered optimism ahead of this weekend's Union Budget. Despite the headline gains, the overall market breadth remained cautious. The advance-decline ratio leaned toward sellers, with approximately 1,828 stocks advancing against 2,791 decliners.
On the sectoral front, Nifty Metals and Engineering Services led the charge, with Tata Steel and L&T emerging as top performers. On the other hand, auto and IT stocks faced selling pressure, particularly Maruti Suzuki, following its Q3 earnings miss. Two stock recommendations by MarketSmith India: Buy: NLC India Ltd (current price: ₹264) Buy: V-Guard Industries Ltd (current price: ₹334) Nifty 50 recap On Thursday, Indian equities ended the session on a mildly positive note, supported by selective buying in Banks, Metals, and Oil and Gas, even as broader market breadth remained weak.
Nifty 50 closed at 25,418.9, up 0.3% or 76 points, after recovering steadily from the intraday low of 25,159. The index traded within a narrow range and held above its previous close of 25,342, indicating buying interest near lower levels. Additionally, Sensex settled modestly higher, tracking similar intraday strength in heavyweight stocks.
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