New Delhi, May 30 -- On Thursday, the Nifty 50 rose 0.33%, closing at 24,833, supported by positive global cues, an improved monsoon forecast, and optimism around strong Q4 GDP growth data. Sectoral performance was mixed, with notable strength seen in construction, metals, pharma, and IT stocks. However, PSU banks, consumer goods, financial services, and the Nifty Bank witnessed selling pressure.

Looking ahead, the index maintains a positive outlook, supported by favourable domestic macroeconomic indicators and sustained institutional interest. A decisive move above 25,000-25,200 could pave the way for further upside in the near term.

Two stock recommendations for today, 30 May, by MarketSmith India:

Motilal Oswal Financial Services Lt...