Stocks to buy or sell: Dharmesh Shah of ICICI Sec suggests buying Shriram Finance, Piramal Pharma shares on 6 July

Indian benchmark indices opened higher on Monday, supported by strong gains in private banking stocks after robust June-quarter business updates from HDFC Bank and Axis Bank, while easing crude oil prices further boosted investor sentiment. Dharmesh Shah of ICICI Securities recommends buying Shriram Finance (range 1,038-1,060, target 1,134, stop loss 1,008) and Piramal Pharma (range 172-176, target 188, stop loss 167). At 9:20 IST, the Nifty 50 was up 0.35% at 24,354.80 and the Sensex gained 0.39% to 78,065.23, with 14 of 16 major sectoral indices trading in the green.