New Delhi, July 1 -- Stock market today: The Indian stock market closed the final trading session of June in the red, as investors booked profits after a strong four-day rally. Still, it marked the fourth straight month of gains, with the Nifty 50 rising 3.10% and the Sensex up 2.65% in June-taking their cumulative four-month gains to over 15%.

Notably, both indices have rebounded nearly 17.3% from their April lows, marking their strongest recovery in recent memory.

Two stocks recommended by MarketSmith India for 1 July:

Why it's recommended: Robust financial momentum, capacity expansion, new product segment, export expansion, and R&D focus.Key metrics: P/E: 86.56, 52-week high: Rs. 1,012, volume: Rs. 50 croreTechnical analysis: Downwa...