New Delhi, May 8 -- The Nifty 50 was volatile on Wednesday, closing with a slight gain of 0.14% amid geopolitical tensions as India's 'Operation Sindoor' targeted terror hubs in Pakistan. Initial losses were recovered as investors shrugged off fears of an escalation. Gains in defence and textile stocks, optimism from the India-UK free trade deal, strong FII inflows, and Tata Motors' restructuring boost helped support the index.

Two stock recommendations by MarketSmith India for 8 May

Why it's recommended:Strong position in specialty chemicals, capacity expansionKey metrics:P/E: 75.68; 52-week high: Rs.3,085.00; volume: Rs.285.36 croreTechnical analysis:Tight area breakoutRisk factors:Raw material price volatility, competitionBuy at: Rs....