Hi,
Can Indian residents buy as well as short stocks listed in the US?
Thanks,
Ishwar.
Hi,
Can Indian residents buy as well as short stocks listed in the US?
Thanks,
Ishwar.
Thanks for your reply @Bhuvan . The link does not explicitly say whether you can short US stocks. Any idea on that?
You can, Just like you have to open a trading account in India with a broker to invest in shares listed on NSE or BSE, you are required to follow a similar process to open a trading account with an Indian broking house to invest in shares of companies listed on the NYSE/NASDAQ.
Some of the Indian stock brokers have tie-ups with foreign broking partner who has the license to act as an intermediary and execute the trades on your behalf on NYSE/NASDAQ. You just need to fill an application form and provide id proof and residential address proof to open an account.
There is an upper cap for investment, and it is $200,000.