New Delhi, May 23 -- On Thursday, Nifty 50 dropped 0.82% owing to rising US treasury yields triggered by a major US tax and spending bill that sparked global risk aversion. Declines in IT, FMCG, and Reliance stocks, along with technical resistance near 25,000 and a weakening rupee amid foreign outflows, added to the pressure, leading to widespread selling and dampened investor sentiment.

Two stocks recommended for today by MarketSmith India

Why it's recommended: Strong financial performance, diversified product portfolio, strategic capacity expansionKey metrics: P/E: 46.18, 52-week high: Rs.2,330.00, volume: Rs.31.75 croreTechnical analysis: Reclaimed its 200-DMARisk factors: Product concentration risk, environmental and regulatory comp...