New Delhi, May 13 -- Stock market update: Nifty 50 rallied nearly 4% on Monday, closing at 24,924, as a ceasefire agreement between India and Pakistan eased geopolitical tensions, lifting investor sentiment. Positive global cues from progress in US-China trade talks further bolstered the market. All major sectors advanced, led by realty, IT, metal, energy, financials, and auto stocks.

The India VIX fell over 14%, signalling heightened investor confidence and reduced market uncertainty.

Two stock recommendations by MarketSmith India for 13 May:

Buy: Network18 Media & Investments Ltd (current price: Rs. 45.20)

* Why it's recommended: Digital expansion and audience reach, investments in sports broadcasting

* Key metrics: P/E: N/A, 52-we...