New Delhi, May 7 -- On Tuesday, Nifty50 witnessed volatility and ended on a negative note, primarily due to profit booking at higher levels following its recent gains. The index opened flat but failed to sustain intraday recoveries amid weakness in major sectoral indices and profit booking in broader markets. Mixed global cues and investor caution ahead of upcoming economic data and Q4 earnings, further dampened the market sentiment. As a result, Nifty remained range-bound throughout the session.

Two stock recommendations by MarketSmith India

Buy: Hindustan Unilever Ltd. (current price: Rs. 2,381.8)

Why it's recommended: Resilient business model with strong brand portfolio, strategic initiatives, and future outlookKey metrics: P/E: 52....