NSE IFSC to start trading Amazon, Tesla, 6 other US stocks from Thursday
A subsidiary exchange of National Stock Exchange that operates in Gujarat International Finance Tech City (GIFT) city will make it easier for investors to buy and sell US shares from Thursday (March 3) onwards.
Initially market participants will be able to trade in eight prominent US stocks, and in a phased manner in 50 of them just like traders do in the US. Here is everything to know about the move and steps on how you can participate in trading.
This doesn't mean US stocks are being listed in India NSEIFSC Receipts will be offered by NSE IFSC exchange to Indian investors, following which they will not need to route their investments through a broker registered in the US to buy shares of Tesla or Netflix.