MarketSmith Analysts Identify Five Stocks for Consideration on May 14

Indian Equities Edge Higher, Supported by Gains in Gold and Silver ETFs

On Wednesday, 13 May, the Indian stock market snapped a four-session losing streak, driven by gains in gold and silver ETFs following the recent import duty hike. The Nifty 50 rose 0.14% to 23,412.60, while the BSE Sensex gained 0.07% to 74,608.98.

The broader markets outperformed, with mid-cap and small-cap indices advancing 0.8% and 0.3%, respectively, while 10 of the 16 sectoral indices ended in the green. The recovery comes after both benchmarks had declined around 4% over the previous four sessions, weighed down by rising oil prices and concerns over the economic impact of the ongoing US–Iran tensions.

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The Gift Nifty Live Chart is showing a muted start for the Indian stock market today, with the Gift Nifty trading around the 23,527 level, a premium of 65 points from the Nifty futures' previous close of 23,462.40. According to Hariprasad K, SEBI-registered Research Analyst and Founder, Livelong Wealth, the Indian markets are likely to witness a positive start today, with Gift Nifty indicating a gap-up opening supported by improving global sentiment and a strong rebound in technology-led US markets.

Wall Street ended sharply higher overnight, with both the S&P 500 and Nasdaq closing at record highs as technology stocks staged a strong recovery and crude oil prices eased marginally. The rally in US equities helped improve overall risk appetite globally, despite lingering concerns around inflation and expectations that the US Federal Reserve could maintain a tighter interest rate stance for longer. Asian markets are also trading in the green this morning, with Japan's Nikkei gaining over 320 points and South Korea's Kospi rising more than 1.2%, reflecting stronger global risk sentiment and selective buying across Asian equities.

Domestically, volatility will continue to remain a key factor to monitor. India VIX, which had surged sharply to around 19.43 in recent sessions, may witness some cooling if markets sustain the positive momentum during the day. However, elevated volatility levels still indicate cautious positioning among traders.

Stocks to Buy Today

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

Raja Venkatraman, Co-founder of NeoTrader, and stock research platform MarketSmith India, recommended buying the following five shares:

1. NLC India Ltd

NLC India Ltd (Cmp ₹325.70) is a major player in fossil fuel mining and power generation. The stock has gained some strong momentum in the last few days, with consistent trends and strong thrust with volumes. The long body candle with volumes signals a strong rebound after a pullback. Look to go long.

2. Rossari Biotech Ltd

Rossari Biotech Ltd (Cmp ₹533.25) is a leading Indian specialty chemical manufacturer established in 2003, focusing on high-performance products for textiles, home/personal care, performance chemicals, and animal health and nutrition. The stock has come out of its declining phase and is now looking to start a new upward phase. A steady follow-through on RSI is now signalling that the trends could now persist. Look to go long.

3. Gujarat Narmada Valley Fertilizers & Chemicals Ltd

Gujarat Narmada Valley Fertilizers & Chemicals Ltd (Cmp ₹489.95) specializes in fertilizers, industrial chemicals, and IT services, operating one of the world's largest single-stream ammonia-urea complexes. The robust volumes seen in the last two days despite uncertain market conditions highlights the strong potential in the prices. As prices are forming higher lows is indicating that the long bias continues to hold. A long body candle seen in the last session is now helping the rise sustain the uncertain environment. With the momentum favouring the long side, consider going long.

4. Hindustan Copper Ltd

Hindustan Copper Ltd is the only integrated copper producer in India, with strong demand from EV, renewables & power sectors, government push for critical minerals & localization, expansion plans for mining capacity, strategic PSU backing from the Government of India, copper demand expected to outpace supply globally, rising infrastructure and transmission projects, potential benefit from higher global copper prices, large resource/reserve base, and reduced import dependency theme supports growth.

5. NMDC Ltd

NMDC Ltd is India's largest iron ore producer, with strong linkage to steel sector growth, low-cost mining operations, healthy cash reserves & strong balance sheet, consistent dividend-paying PSU, capacity expansion plans underway, beneficiary of infrastructure and construction growth, strategic importance in domestic mining sector, rising domestic steel demand supports volumes, and diversification into steel and other minerals.

Recommendations

• Buy NLC India Ltd above ₹328, stop ₹313, target ₹358 (Multiday)
• Buy Rossari Biotech Ltd above ₹534, stop ₹503, target ₹589 (Multiday)
• Buy Gujarat Narmada Valley Fertilizers & Chemicals Ltd above ₹492, stop ₹467, target ₹550 (Multiday)
• Buy Hindustan Copper Ltd at ₹591–600, target ₹690 in two to three months, stop loss ₹560
• Buy NMDC Ltd at ₹91–92, target ₹105 in two to three months, stop loss ₹86