Stock recommendations for 28 July from MarketSmith India

Indian benchmark indices rallied on 27 July, with Nifty 50 gaining 228.50 points (+0.96%) to close at 23,995.95 and Sensex advancing 776.01 points (+1.02%) to 76,835.78, supported by falling crude oil prices after easing US-Iran tensions. Broad-based sectoral gains led by IT, Realty and Auto, alongside a 9.76% drop in India VIX to 12.66, signalled cooling volatility. MarketSmith India recommended buying Confidence Petroleum India with a target of ₹100 and Shaily Engineering Plastics with a target of ₹3,440.