New Delhi, July 16 -- On Tuesday, 15 July, the Nifty 50 gained 0.45% supported by a sharp drop in retail inflation to 2.10% in June-the lowest since January 2019-and raising hopes for potential rate cuts. Positive global cues and optimism around renewed US-India trade discussions further bolstered sentiment.

Technically, the index triggered fresh buying interest and helped reverse Monday's losses. Gains were broad-based, with support from auto, FMCG, and banking stocks, indicating renewed investor confidence amid improving macro and trade developments.

Here are two stock recommendations by MarketSmith India for 16 July:

On Tuesday, the benchmark Nifty 50 index reversed its recent corrective trend, finding support near 25,000. After a f...