Tracking negative global cues, domestic equities saw volatile trade, with mid-caps bearing the brunt. Sectorally, while auto and IT stocks dragged markets down, gains in upstream oil & gas on realisation bets amid rising crude, alongside value buying in banking stocks, helped the market recover from its intraday lows. Analysts say deepening global bond rout, amid escalating West Asia tensions and bets that central banks will need to tighten monetary policy, has gripped investor sentiment in fear. Despite crude-led pressures, the rupee remained resilient, supported by RBI dollar sales and strong FCNR(B) inflows.
Here are two stock recommendations for Thursday
