Online share-trading in Indian stocks

Jun 25, 2004 11 Replies

Does anyone know the rules governing share-trading in Indian stocks by UK residents via the web?



And can anyone recommend an online share-trading company giving access to the Indian stock market, whether directly or by proxy?



Any other relevant information welcome.


the_muse


You won't break any laws in England or Scotland

Probably best to ask in an indian finance group.

It might be worthwhile talking to Flemings as they are a UK operation with strong Indian links. I'd imagine the charges could be high though !

Daytona

The Indian market is _very_ risky - you'd bet better off with a collective investment fund (e.g., Fleming Indian). Some major Indian firms may also be quoted on other exchanges.

Thom

Hmmm ... unless you know the Indian markets very, very well indeed, you'd be better off looking at indirect instruments (investment trusts, etc.), and leave the stock-picking to the region experts. If you'd like a list of India-based funds available, look at:

formatting link
If that wraps in your news reader:

  • Go to ft.com;
  • Click on "Market & funds data" (not "Markets") in the left sidebar;
  • Under "New search", select "Funds";
  • Select "Offshore" underneath "Choose a fund type";
  • Enter "India" into the search box, and hit GO.

Make damned sure you research each fund you're interested in, though. Some have been tanking; others have been taking off like a chili-fed chicken.

Jon

The official fix for this is to express links like this - as referred to in RFC 1738 .

It doesn't always work with Microsoft products, natch.

Daytona

True; I knew that, but sometimes I forget. Thanks for the reminder. The other solution would have been to use tinyurl.com, but I forgot that, too. I'm having a bit of a dozy day today.

Now, where'd I leave that pillow ... mmmm ... >gruttle<

Jon

The issue I have with TinyURL is that they may be monitoring redirections and using that information for advertising. It was discussed somewhere on usenet ISTR.

Daytona

Yep, ISTR some quibbles about that, towards the start of the year. They don't seem to have been doing anything about it yet, though. It could be just another baseless rumour. I wouldn't be surprised.

Doubtless they do keep records of redirections: I certainly would, to generate stats over usage patterns, abuses and so on. Doesn't mean a sinister purpose, though.

Jon

"Daytona" wrote

There's another issue - with a TinyURL, the reader cannot tell where the link is going to take them. They may therefore often choose not to take the link, in fear of being taken to an unsavoury place ....

True. If a poster's reasonably reliable, though, the worst you're going to get is a disguised affiliate link, and most people tend to object to those fairly quickly, too.

Jon

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