Stock recommendations for 7 July from MarketSmith India

Indian benchmarks extended a four-session winning streak on 7 July, with the Nifty 50 gaining 0.66 percent to 24,430.35 and the Sensex adding 0.67 percent to 78,285.07, supported by improving monsoon expectations, renewed FII inflows, and easing crude prices. Nifty Realty, Consumer Durables and Auto led sectoral gains, while PSU Bank and Media lagged, and HDFC Bank spearheaded the rally after healthy provisional Q1 business updates. Despite the index advance, market breadth was negative at 1,578 advances against 1,769 declines, and MarketSmith India recommended buying Veranda Learning Solutions with a two-to-three month target of around Rs 300 and CreditAccess Grameen with a target of about Rs 1,850.