Stocks to buy or sell today: United Spirits, L&T among top 5 trading ideas

The Indian stock market may consolidate due to muted global cues, with the S&P BSE Sensex dipping nearly 300 points on Thursday putting the Nifty50 below 18,800. The India VIX had an increase of 2.28% from 11.29 to 11.54 on Thursday, with volatility climbing out of its range on the daily frame. Recommendations from various […]

APL Apollo among 11 stocks that witnessed 5-year swing high breakout

In the NSE list of stocks with a market cap of over Rs 1000 crore, we have collated a list of 11 stocks that witnessed a 5-year swing high at the close on June 22, suggesting bullishness in counters, according to stockedge.com’s technical scan data.A 5-year swing high represents the highest price a stock has […]

Remit funds to IFSCs for studies under LRS now

It is directed that Authorised Persons may facilitate remittances by resident individuals under purpose ‘studies abroad’ as mentioned in Schedule III of Foreign Exchange Management Rules, 2000, for payment of fees to foreign universities or foreign institutions in IFSCs.”

UK grants equivalence to RBI authorised clearing houses

“This is because the RBI requires CCPs it designates as an FMI to comply with the PFMIs (Principles on Financial Market Infrastructures). Accordingly, HM Treasury has determined that the RBI’s legal and supervisory framework, in relation to CCPs that the RBI has designated a FMI, meets the tests set out in paragraphs 6.2,” the documents […]