Stocks to buy or sell: Dharmesh Shah of ICICI Sec suggests buying Shriram Finance, Brigade Enterprise on 13 July

Indian markets opened lower on 13 July as escalating Middle East tensions between Iran and the US, including Iran's claim of closing the Strait of Hormuz, pushed crude oil prices higher and dragged sentiment; Nifty 50 fell 0.69 percent to 24,039.40 and Sensex declined 0.78 percent to 76,963.35, with all 16 sectoral indices in the red. Despite the bearish open, technical analysis suggests Nifty 50 has held its 50-day EMA near 23,800 and is expected to target the 24,600 swing high, supported by a golden cross in Bank Nifty. Dharmesh Shah of ICICI Securities recommends buying Shriram Finance with a target of around Rs 1,134 and Brigade Enterprise in the Rs 560-574 range.