logo
Stocks to buy today: Tata Steel, KIMS among top 4 trading ideas for 22 May 2025

Stocks to buy today: Tata Steel, KIMS among top 4 trading ideas for 22 May 2025

Economic Times22-05-2025

Live Events
We have collated a list of stocks from the F&O basket along with cash market from various experts for traders who have a short-term trading horizon:
Expert: Jaynit Vora, CMT - Research Analyst, IIFL told ETBureau
F&O Strategy –
(You can now subscribe to our
(You can now subscribe to our ETMarkets WhatsApp channel
The Indian market is likely to trade lower on Thursday, tracking muted global cues.The Nifty future closed positively with gains of 0.17% at 24,817 levels on Wednesday. India VIX rose nearly 1% to close at 17.55 in the previous trading session.On the options front, the maximum Call OI is placed at 26,000 and then towards 25,000 strikes, while the maximum Put OI is placed at 24,000 and then towards 24,800 strikes.Call writing is seen at 24,800 and then towards 24,850 strikes, while Put writing is seen at 24,800 and then towards 24,400 strikes.'Options data suggests a broader trading range in between 24,200 to 25,200 zones while an immediate range between 24,600 to 25,000 levels,' Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.Despite facing consistent selling pressure at higher levels, notable support-based buying was seen around the 24700 zone, which helped cap the downside.'On the daily chart, Nifty formed a small-bodied bullish candle on Wednesday with wicks on both ends, indicating buying interest at lower levels,' he added.'Now Nifty has to hold above 24,700 zones for an up move towards 25,000 then 25,100 zones while supports have placed at 24,700 then 24,550 zones,' recommended Taparia.Buy| Target Rs 170| Stop Loss Rs 156Buy| Target Rs 704| Stop Loss Rs 635Buy| Target Rs 1720| Stop Loss Rs 1598Buy| Target Rs 2180| Stop Loss Rs 2030: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Rahul Gandhi slams PM Modi over 'Make in India', cites job concerns
Rahul Gandhi slams PM Modi over 'Make in India', cites job concerns

Business Standard

timean hour ago

  • Business Standard

Rahul Gandhi slams PM Modi over 'Make in India', cites job concerns

The Leader of Opposition in Lok Sabha and Congress MP Rahul Gandhi on Saturday criticized Prime Minister Narendra Modi saying that despite promises of a "Make in India" factory boom, manufacturing in the country is at a record low and youth unemployment is very high. Gandhi questioned the effectiveness of the "Make in India" initiative, highlighting that manufacturing in the country has fallen to a record low of 14 per cent of the economy since 2014. He also pointed to rising youth unemployment and a doubling of imports from China, accusing Prime Minister Narendra Modi of focusing on slogans rather than real solutions. In a post on X, Rahul Gandhi shared a video and wrote, "Make in India" promised a factory boom. So why is manufacturing at record lows, youth unemployment at record highs, and why have imports from China more than doubled? Modi ji has mastered the art of slogans, not solutions. Since 2014, manufacturing has fallen to 14% of our economy." He highlighted the challenges faced by India's youth, sharing in a post that he met two talented young men, Shivam and Saif, in Nehru Place, New Delhi, who remain unable to fulfil their potential. He criticised the country's current economic model and said, "In Nehru Place, New Delhi, I met Shivam and Saif - bright, skilled, full of promise - yet denied the opportunity to fulfil it. The truth is stark: we assemble, we import, but we don't build. China profits." He said that Prime Minister Modi has no new ideas and has given up on growing India's industries. He added that even the important PLI scheme is being quietly stopped. Gandhi called for big changes to help Indian producers with honest reforms and financial support, warning that if India doesn't build its industries, it will keep buying from other countries. "With no new ideas, Modi ji has surrendered. Even the much-hyped PLI scheme is now being quietly rolled back. India needs a fundamental shift - one that empowers lakhs of producers through honest reforms and financial support. We must stop being a market for others. If we don't build here, we'll keep buying from those who do. The clock is ticking," the post reads The Make in India initiative was launched by the Prime Minister in September 2014 as part of a wider set of nation-building initiatives.

Who owns Delhi's iconic Connaught Place? Monthly rent of shops here is Rs...
Who owns Delhi's iconic Connaught Place? Monthly rent of shops here is Rs...

India.com

timean hour ago

  • India.com

Who owns Delhi's iconic Connaught Place? Monthly rent of shops here is Rs...

Connaught Place (File) The Connaught Place is arguably one of the most iconic markets in Delhi, its British-era architecture standing out amidst the bustling modern skyscrapers in India's national capital. The Connaught Place, adoring called 'CP' by Delhiites, is home to everything from banks, bookshops, high-end cafes and restaurants, along with brand outlets of almost every top Indian and global one could imagine. But have you ever wondered who actually owns Connaught Place, and how much rent is paid by the decades-old shops and retails outlets which are housed here? Let us delve into some amazing facts about the historic place, some of which will certainly leave you stunned. Who owns Connaught Place? Well, technically, the 'real' owner of Connaught Place is the Government of India, but there's a catch, a really big one. Beneath is overt government ownership, there are scores of lease deeds, family inheritances, and rental agreements dating as far back as the British era, which dilute the state's practical ownership of Connaught Place. According to various reports, several buildings at Connaught Place were leased out during the British rule, and surprisingly some of these leases still hold today, and will hold for the foreseeable future. Thus many shops here still pay rents that have not been revised for decades, due to the terms mentioned in those lease agreements. As per a News18 reports, some pay monthly rent as low as Rs 100, which is unprecedented for a prime site like Connaught Place, where even the smallest shops would pay lakhs in monthly rent, according to modern real-estate prices. Reports suggest that some wily individuals built thriving real estate empires by leasing dozens of shops during the British era, and their families and heirs are now reaping the lucrative benefits of those investments. While the practice could be called unethical, but its completely legal, thus leaving little room for modern-day governments to act without drastically changing real-estate laws. Connaught Place monthly rent However, apart from those ancient lease agreements, Connaught Place is one of the country's most expensive retail locations today, with monthly rent ranging between Rs 300 to Rs 700 per square foot, depending on the Block. But many businesses still pay monthly rents that have not been revised since 1947, thanks to the Old Delhi Rent Control Act, allowing tenants– which are often multinational chains and national banks– to rake in massive profits. As per an Economic Times report, Connaught Place saw a 33% year-on-year rise in high street retail rent in 2023.

India key market for MediaTek; young demographic, growing economy fuel growth: Country MD
India key market for MediaTek; young demographic, growing economy fuel growth: Country MD

Economic Times

time2 hours ago

  • Economic Times

India key market for MediaTek; young demographic, growing economy fuel growth: Country MD

India's booming technology sector and the young, tech-savvy population are making the country a pivotal market for global semiconductor giant MediaTek, according to company's India MD Anku Jain. India's strong economic growth and favourable demographics are driving rapid adoption of advanced technologies like 5G, smart devices, and AI-powered solutions, he said. "India is a very important market for MediaTek because it is a very huge consumption story,we can see the demographics -- which is a very young population, we can see our economy growing very fast. All these components are making the market very attractive for us," Jain told PTI. Beyond smartphones, MediaTek's chipsets power many devices, including smart TVs, tablets, chromebooks, routers, and the smart home segment. Jain noted that the company is now expanding into new verticals such as automotive, recently partnering with JioThings to develop 4G smart clusters for the two-wheeler EV segment, and supplying infotainment systems for cars like Skoda Slavia and Tata Punch EV. The company is also exploring opportunities in satellite communications, with its chipsets poised to support evolving requirements as India's satellite and IoT ecosystem grows. As per Counterpoint Research, as of April 2025, MediaTek led India's smartphone chipset market with a 45 per cent share, followed by Qualcomm at 32 per cent. The company established its first R&D centre in India in 2004 and now employs over 1,000 engineers across its Bengaluru and Noida offices. The Taiwanese firm on Friday launched the MediaTek Dimensity 8450, a 5G smartphone chip with eight Arm Cortex-A725 cores and an Arm Mali-G720 MC7 GPU. Jain outlined MediaTek's commitment to further investment in the Indian market and continued expansion of its engineering teams. The company views its Indian R&D centres as extensions of its global operations, enabling it to address multiple technology verticals from within the country. "In the near future, we'll have the number of engineers keep increasing with time because we are coming up with new innovations and the talent pool in India, the engineering strength in India is very, very good for us," he said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store