Stock recommendations for 14 July from MarketSmith India

Sensex and Nifty 50 recovered from an intraday sell-off of over 700 points triggered by US-Iran tensions and a 3 percent spike in Brent crude, closing flat as the Nifty IT index surged 3.59 percent led by TCS and HCL Tech ahead of earnings. MarketSmith India recommended buying Rain Industries at around ₹211–214 with a target of ₹240 citing a trendline breakout in its carbon and chemicals business, and buying Bandhan Bank at around ₹211–214 with a target of ₹235 citing a flat base breakout and improving asset quality. Nifty 50 closed at 24,211.00, up 0.02 percent, with advance-decline ratio turning positive at 1,776 advances versus 1,577 declines.