Stock recommendations for 9 July from MarketSmith India

Indian equity benchmarks suffered a severe broad-based sell-off, with Nifty 50 plunging 2.12% to 23,882.05 and Sensex tumbling over 1,600 points amid escalating US-Iran geopolitical tensions and a spike in Brent crude prices. PSU Bank fell 2.72%, Private Bank 2.52%, while FMCG and Auto shed more than 2% each, as persistent FII outflows and weak Q1 earnings expectations compounded the geopolitical drag. MarketSmith India recommended buying West Coast Paper Mills with a target of around 600 rupees and NACL Industries with a target of around 245 rupees.