New Delhi, June 17 -- On Monday, the Nifty 50 advanced 0.92%, supported by a technical rebound and robust domestic institutional buying. The rally was led by Nifty IT, Financials, and Energy, with notable contributions from heavyweights like HDFC Bank, ICICI Bank, Reliance Industries, and Infosys. Investor sentiment improved on the back of stabilizing crude oil prices below $80 per barrel and easing geopolitical tensions. The index recovered recent losses, aided by short covering and renewed buying interest, and closed near 24,950 with broad-based market participation.

Two stock recommendations by MarketSmith India:

Cipla Ltd (current price: 1,527)

Why it's recommended: Strong market position, diversified product portfolio, operational...