buying indian stocks ?

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Pogo-Stix

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• May 18, 2009

• #1

Can someone please advise me where i can buy Indian stocks for say Aban Offshore Ltd using an online broker.

I ask as I read there are some restrictions?

Oh and im a UK resident also.

 

H

HaloTrader

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• May 18, 2009

• #2

Try IB .... They seem to have everything.


Just trade UK shares anyway if your a UK resident... Or Us shares cause they're cool too.

x

 

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Pogo-Stix

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• May 18, 2009

• #3

I have got UK shares but loathe paying tax of £38 every time I trade on UK stock and besides there seems to be some attractive movements in India at the moment.

Thanks for your help anyway, it’s appreciated and by IB I assmune you are indiating interactive brokers and they do not list Bombay Stock Exchange?

 

Last edited: May 18, 2009

Z

zambuck

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• May 18, 2009

• #4

I trade these via a cousin who is Indian National....I know him well and he has been trading on my behalf - sometimes without my instaructions - it has fared well lately....today was 17% gains on some stocks.....I had Stayam shares too by the way.....But then there will be dead dogs once in a while....You live to fight another day..!

A small amount since 1990 has grown into a substantial sum.....

Pays for a good holiday in India....!

 

P

Pogo-Stix

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• May 18, 2009

• #5

Yes i Agree with what you are saying, however it is proving to be difficult if you are a non-resident to tap into the market.

Still hoping though I can find an online broker?

 

Z

zambuck

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• May 18, 2009

• #6

...As far as I am aware, there is no direct way to buy the shares from Indian markets....

...It is either Bonds or ishares.....

iShares MSCI India - I98 Holdings | iShares Singapore

 

D

demeanor

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• May 19, 2009

• #7

hi there !!

I think you can use SharekHan website and trade indian stocks

 

Z

zambuck

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• May 19, 2009

• #8

...Does it allow to operate account in US$ or GB£...

...Also check the charges....

....I understand that one has to open an account in India and then have a Power of Attorney to operate that account.....

...Costs are high....

....US NRI can't operate this online account...

 

P

Pogo-Stix

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• May 20, 2009

• #9

Blimey all i wish to do is purchase some Aban Offshore Ltd shares.

 

Z

zambuck

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• May 23, 2009

• #10

....Well then write to them and say that you want to purchase some of your shares....Simple...!