NSE to go live with top 50 US stocks in first phase at GIFT City

Move will give domestic investors direct exposure to world's biggest companies such as Apple (market cap: $2.4 trn), Microsoft ($2.2 trn), Alphabet ($1.8 trn), Amazon ($1.7 trn) and Facebook ($1 trn)

Topics
National Stock Exchange | GIFT City | US stocks

Samie Modak  |  Mumbai 

The National Stock Exchange (NSE) plans to launch trading in top 50 US stocks in the first phase at GIFT City, an international financial services centre (IFSC).

The move will allow domestic investors to gain direct exposure to world’s biggest companies such as Apple (market cap of $2.4 trillion), Microsoft ($2.2 trillion), Alphabet ($1.8 trillion), Amazon ($1.7 trillion) and Facebook ($1 trillion)—which are all listed in the US. The exchange’s arm NSE International Exchange (NSE IFSC) is setting up a platform that will allow domestic investors to transact in US stocks ...

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First Published: Tue, August 10 2021. 18:24 IST
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