MediumNegative
Announced Thu, 9 Jul · 06:00 IST
Raja Venkatraman recommends three stocks for 9 July
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
On 8 July 2026, Indian equities saw a sharp sell-off with the Sensex and Nifty 50 tumbling over 2 percent as renewed US-Iran geopolitical tensions pushed Brent crude up 5.66 percent to $78.35 per barrel and India VIX up nearly 30 percent to 15.08. Against this cautious backdrop, Raja Venkatraman of NeoTrader recommends buying Oil India above ₹435 with a stop at ₹415 and a target of ₹475, and Exide Industries above ₹455 with a stop at ₹430 and a target of ₹505. The article notes sector rotation with auto, realty and pharma showing strength while energy, OMCs and paint stocks like Asian Paints remained under pressure.