Stock recommendations for 15 July from MarketSmith India
Stock market recap, July 15 -- The Indian equity benchmarks snapped their three-day winning streak on Tuesday, weighed down by escalating West Asia conflicts and a sharp 4% surge in Brent crude to $87 per barrel.
Reflecting the weak global risk appetite, Nifty 50 shed 0.66% to close at 24,052.05, while BSE Sensex dropped 0.72% to finish at 77,054.94. Compounding the geopolitical strain, domestic macroeconomic concerns intensified as India's June CPI inflation accelerated to 4.38% (surpassing the RBI's 4% midpoint target) alongside a widening trade deficit of $30.43B.
On the sectoral front, broad-based profit booking dragged Nifty PSU Bank, Auto, and Financial Services down by up to 2%, with laggards like HCL Tech and Shriram Finance lea...
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