New Delhi, Aug. 4 -- Stocks to buy for the short term: The Indian stock market remained under pressure in July due to heavy foreign capital outflow, tariff-related uncertainty, and unimpressive Q1 results.

Benchmark Nifty 50 dropped nearly 3 per cent last month, snapping its winning streak of the last four consecutive months. On a weekly scale, the index extended losses for the fifth consecutive week.

Nifty has declined over 1,100 points from its recent high of 25,669, ending at 24,565 last Friday (August 1).

Jigar S. Patel, Senior Manager of Equity Research at Anand Rathi Share and Stock Brokers, highlighted the golden crossover on the Nifty 50, where the 50-day exponential moving average (50-DEMA) moved above the 200-day exponential ...