New Delhi, April 29 -- On Monday, the Nifty 50 gained 1.2%, closing at 24,328.50, driven by strong corporate earnings, particularly Reliance Industries Ltd's 5% surge after positive Q4 results. Banking stocks like ICICI Bank and State Bank of India also rallied, supported by positive global cues from Asian markets. Broad-based buying was seen across sectors, especially oil and gas, pharma, and PSU banks. Despite geopolitical tensions, strong earnings and foreign inflows kept investor sentiment upbeat, pushing markets higher.

Two stock recommendations by MarketSmith India:

IdeaForge Technology Ltd(current price: Rs.376)

Why it's recommended:Market leadership in drone technology, robust order book and strong client base.

Key metrics:P/E...