Stock recommendations for 30 June from MarketSmith India

Indian benchmark indices ended lower on Monday, with the Sensex shedding 372 points (0.48%) to close at 76,728.37 and the Nifty 50 slipping about 110 points (0.46%) to settle at 23,946.25, as renewed US-Iran tensions pushed crude prices higher and triggered profit-booking. Defensive buying in Pharma and Metals cushioned the fall, while Auto and Oil and Gas led sectoral weakness. MarketSmith India recommended buying MCX at around Rs 2,871-2,915 with a target of Rs 3,250 citing a trendline breakout, and Zydus Wellness at around Rs 563-572 with a target of Rs 640 on a flat base pattern breakout.