Stock recommendations for 31 July from MarketSmith India

Indian equities ended Thursday’s session on a positive note as Nifty 50 closed at 24,317.15, up 66.95 points. Strength in Auto and IT stocks helped the benchmark recover from intraday volatility. Many shares fell, however, as the advance-decline ratio showed 1,975 declines against 1,326 advances, reflecting pressure in the broader market.