Where Can I Buy/Sell Indian Stocks

tdowson

Can anyone tell me a UK (ideally) platform/brokerages that can trade in Indian stocks and shares on Bombay Stock exchange (BSE) and the National Stock exchange (NSE).

Until relatively recently foreigners could not trade in Indian stocks but this has changed. However my current platform does not trade in Indian stocks and I have not yet found a broker or platform that does.

I would be delighted to know if anyone can tell me of a service that does.

Thank you.

sabretoothtigger

There is an Indian bank in London, maybe they would do it for you. Ask Interactive brokers and TD Direct also

Rupee is not a freely exchangeable currency ? I think stocks could be held but not directly, JPmorgan has got 870% in 14 years

http://lmgtfy.com/?q=Indian+bank+in+London

atypical

Don't think TD Direct do. The Interactive Brokers website still says investors must be Indian residents.

Kotak will open accounts for foreign investors. I understand it's a long process though:
http://kotaksecurities.com/account/openandacc/account/index.html

sabretoothtigger

If the law changed, the website is probably just old info

Was just reading FT on another Indian company over here:
http://www.ft.com/cms/s/0/323daea2-739c-11e2-9e92-00144feabdc0.html#axzz2LBhydlr5
Essar is pretty dam Indian with a bit of UK asset, its listed here. Very easy to deal it, FT250


Looks like Stanlow is holding up the empire

However strong third-quarter margins of nearly $10 a barrel at Essar Oil’s refining business and profitable operation at Stanlow, its UK refinery bought for $350m in 2010 from Royal Dutch Shell, have driven a recent rally at the heavily indebted group.

tdowson

Thank you for the suggestions so far. Unfortunately these cannot buy and sell shares on both the Bombay Stock exchange (BSE) and the National Stock exchange (NSE).

Would a smaller broker be able to do so? I don't necessarily need to trade online, but just need a way to execute a buy/sell instruction by email or phone if not online.

sabretoothtigger

Bombay does not have a free currency or open stock market. Either you are Indian born or you jump through alot of hoops, use a unit trust