Top stocks to buy today: Stock recommendations for May 29, 2025
Top stock market recommendations:
According to Aakash K Hindocha, Deputy Vice President - WM Research, Nuvama Professional Clients Group, Chennai Petroleum Corporation, LTIMindtree , and Zydus Lifesciences are the top buy calls for today.
Here's his view on Nifty, Bank Nifty and the top stock picks for May 29, 2025:
Index View: Nifty
For the past 9 trading days, Nifty has been static within a 2% band, however the highs of 25000 has been constantly providing supply non index longs. Unless a closing above 25050 is not confirmed, the downside swing towards 24300 / 24100 remains open on the index. Nifty has had a nearly 15% run up in the past 6 weeks without a 2% correction.
With the price action seen from the start of this week, it is fair for the index to retest 200 DMA support on downside which currently reads below 24100.
Bank Nifty
Bank Nifty has broken from its 6 week rising trendline in last week's trading. This puts the index back on track to retest its polarity support of its original 5 year rising trendline. Targets for this breakdown hint for a 1200-1500 point breakdown from CMP. Negation for this down move is seen only when the index closes above 55600.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Giao dịch CFD với công nghệ và tốc độ tốt hơn
IC Markets
Đăng ký
Undo
CHENNPETRO (BUY):LCP: 719.05Stop Loss: 681Target: 777
After a bullish head and shoulder breakout on daily and weekly charts earlier this month, prices are consolidating after crossing the 200 DMA resistance on shares on Chennai Petroleum Corporation. This consolidation in a range is a typical price behaviour on this stock historically observed before another round of up move. A follow up move of 7-9% is likely to be unfolded post this monthly derivative expiry.
LTIM (BUY):LCP: 5099Stop Loss: 4950Target: 5525
After trading at a 3 year low in April, LTIMindtree has been rising within a channel and has gained 25% since its April lows. A typical higher high – higher low formation underlines the bullish set up and inflows on the counter. The stock has widely outperformed its benchmark NIFTYIT index on a YTD basis which is down over 13% while LTIM is down 8% in the same period of 2025. A move towards higher range of the bullish channel is likely to unfold for target of 5525.
ZYDUSLIFE (BUY):
LCP: 925.60Stop Loss: 888Target: 980
Zydus Lifesciences stock has closed at a 2 month high, after breaking out from a falling trendline earlier this month which was in place since August 2024. Repeated higher lows have been seen from the start of this month on daily charts, this 2 high note closing on charts is likely to allow further thrust on the stock for a resistance meet at its 200 DMA near 980 odd.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
9 minutes ago
- Indian Express
OpenAI to give employees ‘special' million-dollar bonuses amid AI talent wars
OpenAI has announced a 'special one-time award' to its AI researchers and engineers across several departments, including applied engineering, scaling, and safety. The bonuses were announced a day before the Microsoft-backed AI startup unveiled GPT-5, its latest and most advanced large language model (LLM). Over 1,000 OpenAI employees are eligible for the bonus, according to a report by The Verge. While the exact bonus amounts are not known, it will likely depend on the role and seniority of qualified employees with the highest million-dollar payouts reportedly going to OpenAI's prized AI researchers, who already draw salaries worth millions of dollars every year. The engineers, on the other hand, will reportedly receive bonuses amounting to hundreds of thousands of dollars on average, the report said. However, these bonuses are not likely to be paid out at once. Instead, it will be disbursed over the next two years with qualified workers having the option to receive the money in OpenAI stock, cash, or both. 'As we mentioned a few weeks ago, we have been looking at comp for our technical teams given the movement in the market,' OpenAI CEO Sam Altman was quoted as saying by The Verge. 'We very much intend to keep increasing comp as we keep doing better and better as a company. But we wanted to be transparent about this one since it's a new thing for us,' he added. This is reportedly the first time that OpenAI has offered bonuses to such a large number of employees (about one-third of the company's full workforce). The move comes against the backdrop of a rapidly intensifying war for AI talent. Several companies have poached OpenAI researchers with lucrative offers, and Meta has led the charge. Since the one-time special bonus does not apply to all employees, OpenAI risks losing more workers, who may feel overlooked, to other companies. Mark Chen, OpenAI's research officer, has previously likened Meta's aggressive poaching spree to a home invasion. Shengjia Zhao, one of the creators of ChatGPT, was recently named as the chief scientist of Meta Superintelligence Labs (MSL). Besides Meta, Elon Musk's xAI has also reportedly been making aggressive offers to lure away OpenAI's top talent. Thinking Machines, an AI rival lab started by ex-OpenAI CTO Mira Murati, also comprises several of OpenAI's technical staff. Meanwhile, OpenAI also reportedly plans to allow current and former employees to cash out with millions by selling their vested stock to investors. The ChatGPT-maker is currently valued at $300 billion. However, Altman has reportedly said that employees might be able to sell at a much higher share price than the current $274 per share at a higher valuation of $500 billion, according to a report by Bloomberg.
Business Standard
9 minutes ago
- Business Standard
Nifty above 24,400 level; PSU Bank shares jump
The key equity benchmarks traded with modest gains in the morning trade. The Nifty traded hovered above the 24,400 level. Investors awaited for economic data releases, including WPI, CPI and trade balance, scheduled for later this week. PSU Bank shares advanced after declining the past trading session. At 10:25IST, the barometer index, the S&P BSE Sensex advanced 242.14 points or 0.31% to 80,098.88. The Nifty 50 index added 73.95 points or 0.31% to 24,439.80. In the broader market, the S&P BSE Mid-Cap index rose 0.34%, while the S&P BSE Small-Cap index remained unchanged 0.00%. The market breadth was negative. On the BSE, 1,602 shares rose and 1,756 shares fell. A total of 136 shares were unchanged. Earnings Today: Ashoka Buildcon (down 4.42%), Astral(up 0.33%), Awfis Space Solutions(up 0.92%), Bajaj Consumer Care(down 0.98%), Bata India(up 0.06%), Belrise Industries (down 1%), BEML(up 2.17%), Capacite Infraprojects(down 0.36%), Cello World(down 2.05%), Dollar Industries(down 0.46%), Esab India(down 0.66%), Eureka Forbes(down 0.10%), Goldiam International(up 1.30%), Goodyear India(down 0.04%), HLE Glascoat(down 1.25%), Ipca Laboratories(down 1.52%), JM Financial (down 0.45%), KNR Constructions(down 0.93%), Krsnaa Diagnostics(down 1.23%), Man Industries (India)(down 1.48%), Muthoot Microfin (down 1.82%), Som Distilleries & Breweries(up 0.71%) will announce their result later today. Buzzing Index: The Nifty PSU Bank index advanced 1.64% to 6,994.15. The index dropped 0.41% in the past trading session. Indian Bank (up 2.37%), State Bank of India (up 2.03%), Bank of Baroda (up 1.62%), Bank of India (up 1.43%), Union Bank of India (up 1.36%), Punjab National Bank (up 1.28%), Canara Bank (up 1.12%), Punjab & Sind Bank (up 0.36%), Indian Overseas Bank (up 0.11%) and Central Bank of India (up 0.03%) surged. Stocks in Spotlight: Jupiter Wagons (JWL) rose 0.71%. The company said that it has bagged an order worth Rs 242.41 crore from GATX India for the manufacturing and supply of 583 specialised wagons. Jyoti Structures climbed 2.99% after the company secured a Rs 639 crore order for 765 kV and 400 kV transmission line projects in India on a turnkey engineering, procurement, and construction (EPC) basis.
Mint
9 minutes ago
- Mint
Nvidia, AMD agree to pay 15% of Chinese AI chip revenues to US for export licenses
(Bloomberg) -- Nvidia Corp. and Advanced Micro Devices Inc. agreed to pay 15% of their revenues from Chinese AI chip sales to the US government in a deal to secure export licenses, an unusual arrangement that may unnerve both US companies and Beijing. Nvidia plans to share 15% of the revenue from sales of its H20 AI accelerator in China, according to a person familiar with the matter. AMD will deliver the same share from MI308 revenues, the person added, asking for anonymity to discuss internal deliberations. The arrangement reflects US President Donald Trump's consistent effort to engineer a financial payout for America in return for concessions on trade. His administration has shown a willingness to relax trade conditions like tariffs in return for giant investment in the US — as with Apple Inc.'s pledge to spend $600 billion on domestic manufacturing. But such a narrow, select export tax has little precedent in modern corporate history. Beijing, which has grown increasingly hostile to the idea of Chinese firms deploying the H20, is unlikely to warm to the idea of a chip tax. Yuyuantantian, a social media account affiliated with state-run China Central Television that regularly signals Beijing's thinking about trade, on Sunday slammed the chip's supposed security vulnerabilities and inefficiency. 'This seeming quid pro quo is unprecedented from an export control perspective. The arrangement risks invalidating the national security rationale for U.S. export controls,' said Jacob Feldgoise, a researcher at the DC-based Center for Security and Emerging Technology. It 'will likely undermine the US' position when negotiating with allies to implement complementary controls,' he added. 'Allies may not believe U.S. policymakers if they are willing to trade away those same national security concerns for economic concessions — either from U.S. companies or foreign governments.' An Nvidia spokesperson said the company follows US export rules, adding that while it hasn't shipped H20 chips to China for months, it hopes the rules will allow US companies to compete in China. AMD didn't immediately respond to a request for comment. The Financial Times earlier reported the development. It followed a separate report from the same outlet that the Commerce Department had begun issuing H20 licenses last week, days after Nvidia Chief Executive Officer Jensen Huang met with Trump. Huang has lobbied long and hard for the lifting of restrictions, arguing that walling China off will only slow the spread of American technology and encourage local rivals such as Huawei Technologies Co. 'It's a strategic bargaining chip' that tightens Washington's grip on a critical tech sphere during trade negotiations with China, said Hebe Chen, an analyst with Vantage Markets in Melbourne. 'Over time, this hurdle for chips entering China will likely deter Nvidia and AMD from deeper expansion in the world's largest chip-importing market, while giving local Chinese producers a clear edge to capture market share and accelerate domestic semiconductor innovation.' If Washington goes ahead with the tax, it should funnel some capital to the US — but not an enormous amount in relative terms. Both Nvidia and AMD have said it'll take time to ramp back up production of their China-specific products — even if order levels return to previous levels, which is uncertain. Nvidia raked in $4.6 billion of revenue from the H20 in the fiscal quarter ended April 27 — days after new restrictions on shipping the AI accelerator to China were imposed. It also said it had been unable to ship $2.5 billion of H20 China revenue in that period because of the new rules. That implies it would have got more than $7 billion in H20 sales to China during the period. If it can return to that level, the US government will stand to get about a billion dollars a quarter from its deal. AMD could generate $3 billion to $5 billion of 2025 revenue if restrictions were lifted, Morgan Stanley estimates. Chinese alternatives such as Huawei's Ascend chips now account for 20% to 30% of domestic demand, it reckoned. 'The US government clearly needs the money given its deficits and eagerness to collect tariffs,' said Vey-Sern Ling, managing director at Union Bancaire Privee in Singapore. 'But the complication is China's accusations about H20 chips containing backdoors, which could be a negotiation tactic to highlight that the country is not 'hard up' for US chips.'
