Good news: Indian retail investors will now be able to buy and sell US shares from this platform of NSE

Good news: Indian retail investors will now be able to buy and sell US shares from this platform of NSE

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new Delhi. How Yo Buy American Shares From India : NSE IFSC has got permission to start trading in select American stocks. NSE IFSC is actually the International Exchange of NSE. It is a wholly owned subsidiary of NSE. In August last year, the NSE International Exchange announced that trading in select US stocks would be facilitated through the NSE IFSC platform. Investors will be able to buy US stocks and issue depository receipts against shares through this platform.

Trading of receipts of 50 stocks has been allowed on this platform. Of these, eight will be available for trading from March 3. These stocks include the names of Alphabet Inc (Google), Amazon Inc, Tesla Inc, Meta Platforms (Facebook), Microsoft corporation, Netflix, Apple and Walmart. These are all big and famous stocks of America.

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What about the rest of the stocks?

The date of commencement of trading of the remaining stocks will be intimated through a separate circular. The entire process of trading, clearing, settlement and holding of US stocks on this platform will be completed under the regulatory framework of the IFSC Authority.

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Indian retail investors will be able to do business under the Liberalized Remittance Scheme (LRS) limit through the platform of NSE IFSC. Explain that the provision of LRS has been made by RBI.

According to NSE IFSC, international investment through this platform will become very easy and its cost will not be high. Investors will also have the facility to invest in fractional quantities on this platform.

Tags: NSE, Stock Markets

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