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The Indian market is likely to consolidate on Thursday tracking muted global cues.The Nifty future closed negative with losses of 1.66% at 22,073 levels on Wednesday. India VIX was up 5.79% from 13.64 to 14.43 levels.Positive setup was seen in stocks like Abbot India, ICICI Bank, and Bajaj Finance while weakness in NALCO, SAIL, NMDC, RBL Bank, Hindustan Copper, India Cement, M&M Finance, MCX, Vedanta, etc. among others.On the options front, the maximum Call OI is placed at 22,500 and then towards 22,300 strikes while the maximum Put OI is placed at 21,700 and then towards 21,500 strikes. Meaningful Call writing is seen at 22,300 and then towards 22,200 strikes while minor Put writing is seen at 21,900 and then towards 21,800 strikes.“Options data suggests a shift in trading range in between 21,500 to 22,500 zones while an immediate trading range in between 21,800 to 22,300 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.“Nifty formed a Bearish candle on the daily scale on Wednesday and closed the day with losses of around 340 points,” he said.“Now till the index holds below 22,100 zones, some more profit booking could be seen towards 21,850 and 21,750 zones while on the upside hurdle is seen at 22,100 and 22,222 zones,” recommended Taparia.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: Rajesh Palviya, VP-Technical & Derivative Research, Axis Securities told ETBureauIntellect Design: Buy| Target Rs 1450| Stop Loss Rs 1050Tata Coffee: Buy| Target Rs 378| Stop Loss Rs 334Coal India: Sell| Target Rs 360| Stop Loss Rs 440Expert: Nooresh Merani, an independent technical analyst told ETNowMaruti Suzuki: Buy| Target Rs 12300| Stop Loss Rs 11200ICICI Bank: Buy| Target Rs 1150| Stop Loss Rs 1050Hindustan Copper: Buy| Target Rs 275| Stop Loss Rs 220Expert: Kunal Bothra, Market Expert told ETNowKotak Mahindra Bank: Buy| Target Rs 1775| Stop Loss Rs 1700IRCTC: Sell| Target Rs 850| Stop Loss Rs 900Voltas: Buy| Target Rs 1070| Stop Loss Rs 1020(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)

Brokerage firm JPMorgan maintained an overweight rating on ITC as well as on Godrej Consumer Products. Jefferies has a buy rating on Coal India and CLSA recommended a buy on L&T.We have collated a list of recommendations from top brokerage firms from ETNow and other sources:JPMorgan on ITC: Overweight| Target Rs 490JPMorgan maintained an overweight rating on ITC with a target price of Rs 490. Clearing of BAT stake sale overhang to reverse recent underperformance. Cigarettes growth is likely to trend higher from Q3 lows.Good execution is driving share gain-led growth. In the non-FMCG business, hotels shine and the paper segment might show improvement from FY25.JPMorgan on Godrej Consumer: Overweight| Target Rs 1300JPMorgan maintained an overweight rating on Godrej Consumer with a target price of Rs 1300. The stock is ticking all the right boxes. There is a lot to be excited about India business.Even as valuations have trended up, the potential for higher growth (vs peers) may support stock performance.Jefferies on Coal India: Buy| Target Rs 520Jefferies maintained a buy rating on Coal India with a target price of Rs 520. Global investment believes that the recent 13% decline offers a good buying opportunity.Volume growth trajectory has improved to feed India's rising power demand. The big fall in e-auction prices seems largely behind.The stock is trading at a steep 57% discount to Nifty-50 PE vs just 16% average discount over 2011-18.CLSA on L&T: Buy| Target Rs 4260CLSA maintained a buy rating on L&T with a target price of Rs 4260. L&T's number one customer guides for capex hike and non-fossil capex.L&T has an improving outlook, with its $75bn pipeline up 29% YoY in Q4. Global Investment Bank believes that its margin will improve from Q4 on lower legacy orders in its backlog.(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)

The U.S. House of Representatives overwhelmingly passed a bill on Wednesday that would give TikTok's Chinese owner ByteDance about six months to divest the U.S. assets of the short-video app, or face a ban, in the greatest threat to the app since the Trump administration. The bill passed 352-65 in a lopsided bipartisan vote, but it faces a more uncertain path in the Senate where some favor a different approach to regulating foreign-owned apps posing security concerns. Senate Majority Leader Chuck Schumer said the Senate will review the legislation. "This is a critical national security issue. The Senate must take this up and pass it," No. 2 House Republican Steve Scalise said on social media platform X. The fate of TikTok, used by about 170 million Americans, has become a major issue in Washington. Lawmakers said their offices had received large volumes of calls from teenage TikTok users who oppose the legislation. White House press secretary Karine Jean-Pierre said Wednesday "we want to see the Senate take swift action." TikTok CEO Shou Zi Chew said in a video posted Wednesday the legislation if signed into law "will lead to a ban on TikTok in the United States... and would take billions of dollars out of the pockets of creators and small businesses. It will put 300,000 American jobs at risk." He added the company will "not stop fighting" and will exercise its legal rights to prevent a ban. He visited Capitol Hill on Wednesday on a previously scheduled trip and plans to return Thursday, a source briefed on the matter said, amid popular support for the app. The measure is the latest in a series of moves in Washington to respond to U.S. national security concerns about China, from connected vehicles to advanced artificial intelligence chips to cranes at U.S. ports. The political climate is growing in favor of the bill. President Joe Biden said last week he would sign it and White Hous national security adviser Jake Sullivan on Tuesday asked "Do we want TikTok, as a platform, to be owned by an American company or owned by China? Do we want the data from TikTok - children's data, adults' data - to be going, to be staying here in America or going to China?" The Chinese Foreign Ministry criticized the legislation Tuesday, arguing "though the U.S. has never found any evidence of TikTok posing a threat to the U.S.'s national security, it has never stopped going after TikTok." A number of prominent Democrats in the House voted against the bill including House Democratic Whip Kathleen Clark, Arizona Senate candidate Ruben Gallego, Alexandria Ocasio-Cortez as well as the top Democrats on the Judiciary, Ways and Means, Transportation and Intelligence committees. "There are serious antitrust and privacy questions here, and any national security concerns should be laid out to the public prior to a vote," Ocasio-Cortez said. Senate Commerce Committee chair Maria Cantwell, who will play an important role in the Senate's next move, said she wants legislation "that could hold up in court," and is considering a separate bill, but is not sure what her next step is. The vote comes just over a week since the bill was proposed following one public hearing with little debate, and after action in Congress had stalled for more than a year. Last month, President Joe Biden's re-election campaign joined TikTok, raising hopes among TikTok officials that legislation was unlikely this year. The House Energy and Commerce Committee last week voted 50-0 in favor of the bill, setting it up for a vote before the full House. Several dozen TikTok users rallied outside the Capitol before the vote. The company paid for their travel to Washington and accommodations, a TikTok spokesperson said. But the political climate is growing in favor of the bill. Biden said last week he would sign it and White House national security adviser Jake Sullivan on Tuesday said the goal was ending Chinese ownership, not banning TikTok. "Do we want TikTok, as a platform, to be owned by an American company or owned by China? Do we want the data from TikTok - children's data, adults' data - to be going, to be staying here in America or going to China?" he said. It is unclear whether China would approve any sale or if TikTok's U.S. assets could be divested in six months. If ByteDance failed to do so, app stores operated by Apple, Alphabet's Google and others could not legally offer TikTok or provide web hosting services to ByteDance-controlled applications. In 2020, then-President Donald Trump sought to ban TikTok and Chinese-owned WeChat but was blocked by the courts. In recent days he had raised concerns about a ban but nearly all House Republicans shrugged those off. Representative Mike Gallagher, one of the bill's authors, said they don't want a ban but divestiture and said Trump if re-elected in November "may have an opportunity to consummate the deal of the century" in a TikTok sale. It remains unclear if Tencent's WeChat or other high-profile Chinese-owned apps could face a ban under the legislation. Any forced TikTok divestment from the U.S. would almost certainly face legal challenges, which the company would need to file within 165 days of the bill being signed by the president. There are still potential legal issues with the American Civil Liberties Union and other advocacy groups arguing the bill is unconstitutional on free speech and other grounds. In November, a U.S. judge blocked a Montana state ban on TikTok use after the company sued.

Small- and mid-cap shares on Wednesday saw their sharpest drop in over two years as heightened risk aversion pushed bullish investors to rush for the exit door. 108477459The advance-decline ratio — a widely watched indicator of the overall market health — on Wednesday hit its lowest in two years, and the fourth lowest since 2010, pointing to panic in the broader market. 108477464Out of the 3,976 shares traded on the BSE, 3,569 fell, while 350 rose. The carnage in these segments has resulted in 50 stocks with market capitalisation exceeding Rs 500 crore tumbling between 25% and 65% in March so far. 108477468Around 130 stocks are down 20% to 25% during this period. The worst-hit sectors on Wednesday were realty, energy, commodities, utilities, and power. Some of these sectors or themes have been the top performers on Dalal Street in the past six months. 108477472