New Delhi, May 15 -- On Thursday, Nifty 50 remained volatile but closed 0.36% higher at 24,666.90. The volatility was primarily driven by profit-booking after recent sharp gains amid geopolitical relief.

Early losses were reversed as buying interest emerged in sectors such as IT, metals, oil and gas, and telecom, while banking and financial stocks underperformed.

Broader market indices outperformed, with mid-cap and small-cap segments posting significant gains. Additionally, softer inflation data from both India and the US boosted investor sentiment.

Two stock recommendations by MarketSmith India for 15 May:

Buy: Sarda Energy & Minerals Ltd (current price: Rs. 335.75)

* Why it's recommended: Strong financial performance, attractive s...