How can I buy Indian stocks?

[tonycj]

I want to buy and sell specific stocks listed on India's Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
According to all the press publicity last year India has opened up share trading to overseas residents. But I cannot find anyone in the UK that does!
Is there any online platform that trades Indian BSE and NSE? Or does anyone know of a broker that can execute trades for me?
Thanks.

 

[malaguti]

I want to buy and sell specific stocks listed on India's Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
According to all the press publicity last year India has opened up share trading to overseas residents. But I cannot find anyone in the UK that does!
Is there any online platform that trades Indian BSE and NSE? Or does anyone know of a broker that can execute trades for me?
Thanks.

Try Interactive Brokers..they do NSE for certain

 

[tonycj]

Try Interactive Brokers..they do NSE for certain

But they only trade Indian stocks for Indian residents or Indian non-residents with an Indian Tax Number.

India changed its regulations to allow non-Indian overseas investors to trade their stocks. But no UK brokers seem able

 

[kittycriston]

Use of technology in the stock market has undoubtedly increased its accessibility over the years. And this has particularly eased up access for the class of investors located outside India, including non-resident Indians

 

[The Protected Trader]

I trade with IB - They only allow Indian Residents to trade Indian stocks on NSE.

The best and most secure way is to trade the ADRs listed on NYSE or other American Exchanges. Most Liquid NSE stocks are listed as ADRs in USA - ICICI, HDFC, Tata Consultancy , Infosys Etc

Many Indian companies are listed in USA / UK as ADRs

If you are of INDIAN ORIGIN or NRI - You can trade with ICICIDirect from UK :

http://www.icicibank.com/nri-banking/investments/icici_direct.html#T-2

Otherwise its best and SAFER to trade Indian ETFs or ADRs listed in USA/UK

Email me if you want ideas on ETFs to trade to Invest in India

Good luck
The Protected Trader

 

[tonycj]

Use of technology in the stock market has undoubtedly increased its accessibility over the years. And this has particularly eased up access for the class of investors located outside India, including non-resident Indians

In theory only. There are no UK stockbrokers that can actually buy and sell Indian BSE and NSE listed stocks for clients, or if there are, no-one knows of one. So far at least...

 

[tonycj]

I trade with IB - They only allow Indian Residents to trade Indian stocks on NSE.

The best and most secure way is to trade the ADRs listed on NYSE or other American Exchanges. Most Liquid NSE stocks are listed as ADRs in USA - ICICI, HDFC, Tata Consultancy , Infosys Etc

Many Indian companies are listed in USA / UK as ADRs

If you are of INDIAN ORIGIN or NRI - You can trade with ICICIDirect from UK :

Invest Money in India, NRI Investment Options, NRI Property investment | ICICI Bank

Otherwise its best and SAFER to trade Indian ETFs or ADRs listed in USA/UK

Email me if you want ideas on ETFs to trade to Invest in India

Good luck
The Protected Trader

Thanks. Although why do you say it is easier and safer to trade ETF or ADRs listed in the USA or UK. Surely that opens up other risks, rather than safety. If you hold the actual stock then you are not exposed to currency movements e.g. US dolar denominated EFT/ADR v Indian Rupee.

Does this mean you are of the opinion that there are no UK stockbrokers that can trade Indian shares on an execution only basis for clients?

 

[The Protected Trader]

Thanks. Although why do you say it is easier and safer to trade ETF or ADRs listed in the USA or UK. Surely that opens up other risks, rather than safety. If you hold the actual stock then you are not exposed to currency movements e.g. US dolar denominated EFT/ADR v Indian Rupee.

Does this mean you are of the opinion that there are no UK stockbrokers that can trade Indian shares on an execution only basis for clients?

Dear TonyCJ

I don't think the Indian Authorities allow Foreign Nationals to trade directly at the moment. I have not found any UK/USA broker that allows direct trading of Indian Stocks. Unless someone else knows any different I don't think you can trade directly.

A quick call to ICICI Direct will answer your question.

I use Interactive Brokers to trade Indian ETFs and Stocks with ADRs - I am happy to keep my account in US $.

Hope this helps

The Protected Trader

 

[MACLondon]

Dear TonyCJ

I don't think the Indian Authorities allow Foreign Nationals to trade directly at the moment. I have not found any UK/USA broker that allows direct trading of Indian Stocks. Unless someone else knows any different I don't think you can trade directly.

A quick call to ICICI Direct will answer your question.

I use Interactive Brokers to trade Indian ETFs and Stocks with ADRs - I am happy to keep my account in US $.

Hope this helps

The Protected Trader

@The Protected Trader is correct on this: Indian Authorities allow Foreign Nationals to trade directly at the moment

There are a number of reasons for this....mainly that they donm't want hot and fast money flowing into india and then out....they want long term organic growth...not me and you and HFs bubbling up the market. V annoying but @The Protected Trader is right in that one can happilly trade ADRs and ETFS...however your risk argument is irrelevant. Risk varies from instrument to instrument. And if you're buying indian ADRs denominated obviously in USD or GBP then you need to look in the ADR description re. fx risk. However....Buying forward fx hedges is not complicated and not expensive if you're going down the "investment" as opposed to trading short term.

 

[tonycj]

@The Protected Trader is correct on this: Indian Authorities allow Foreign Nationals to trade directly at the moment

There are a number of reasons for this....mainly that they donm't want hot and fast money flowing into india and then out....they want long term organic growth...not me and you and HFs bubbling up the market. V annoying but @The Protected Trader is right in that one can happilly trade ADRs and ETFS...however your risk argument is irrelevant. Risk varies from instrument to instrument. And if you're buying indian ADRs denominated obviously in USD or GBP then you need to look in the ADR description re. fx risk. However....Buying forward fx hedges is not complicated and not expensive if you're going down the "investment" as opposed to trading short term.

Re your opening sentence, did you mean to put 'do not' allow?

The alleged opening up of Indian stocks to direct foreign investment has been widely reported over a year ago, e.g. India lets foreign individuals invest in stock market | Reuters

Does this mean India has reversed this, or that all the reports were not true?

 

[The Protected Trader]

Re your opening sentence, did you mean to put 'do not' allow?

The alleged opening up of Indian stocks to direct foreign investment has been widely reported over a year ago, e.g. India lets foreign individuals invest in stock market | Reuters

Does this mean India has reversed this, or that all the reports were not true?

Dear TonyCj

They have only allowed "qualified Investors" so far - which means foreign nationals with Indian Connections - Either you or your parents/ Grand Parents were born in India or were Indian Citizens at sometime.

Even then lots of Red Tape to get clearance to trade directly -- Its just too much trouble to trade Indian shares directly.

Hope this helps

The Protected Trader

 

[tonycj]

Dear TonyCj

They have only allowed "qualified Investors" so far - which means foreign nationals with Indian Connections - Either you or your parents/ Grand Parents were born in India or were Indian Citizens at sometime.

Even then lots of Red Tape to get clearance to trade directly -- Its just too much trouble to trade Indian shares directly.

Hope this helps

The Protected Trader

Thanks. I see, small print, and bad journalism. Some national newspapers carried reports saying the Indian market was open to all too.

There are some great stocks with big growth potential, but out of reach.

 

[Obelixtrader]

Thanks. Although why do you say it is easier and safer to trade ETF or ADRs listed in the USA or UK. Surely that opens up other risks, rather than safety. If you hold the actual stock then you are not exposed to currency movements e.g. US dolar denominated EFT/ADR v Indian Rupee.

Does this mean you are of the opinion that there are no UK stockbrokers that can trade Indian shares on an execution only basis for clients?

look on degiro broker
https://www.degiro.nl/producten-beurzen/
they plan to offer trading on NSE for trader to the end of 2014. I am also interested for trading on NSE of India.

 

[akash123]

You can buy Indian stocks with any stock broker.