Motilal Oswal's latest report identifies its top 21 stock picks amidst significant market corrections triggered by the ongoing Iran-Israel conflict, which has affected oil transit through the Strait of Hormuz. The Nifty-50 index has seen a decline of approximately 11%, with sectors such as banking, automobiles, and consumer goods facing heightened risk aversion. The Indian rupee has also depreciated significantly, complicating external accounts and inflation expectations. In light of these developments, Motilal Oswal recommends a focus on large-cap stocks, particularly in sectors like automobiles, public sector banks, and technology, while maintaining a neutral stance on telecom and healthcare. Key stock picks include Bharti Airtel, SBI, ICICI Bank, and Infosys among the Nifty-50, and Groww and TVS Motors among non-Nifty-50 stocks. The report emphasizes the need for selective stock picking due to the potential for market recovery if geopolitical tensions ease.