Thread by @finologyticker

Indian Market closed for the day. But you can trade on these stocks tonight with NSE IFSC.😍

• Tesla
• Apple
• Netflix
• Amazon
• Walmart
• Alphabet
• Microsoft
• Meta Platform

Let's find out the details⤵️

#NSE #stockmarkets

➡️What is NSE IFSC Exchange? Is it an index of NSE?

IFSC stands for International Financial Services Centre. It is a fully owned subsidiary company of NSE & has received approval from the market regulator to establish an International Exchange in Gujarat's GIFT city.

➡️What all things can trade in NSE IFSC?

Trading is permitted in:
• Equity shares of companies incorporated outside of India
• Depositary receipt
• Debt securities
• Currency
• Index
• Interest rate
• Non-agriculture commodity derivatives.

➡️Does this mean US stocks are being listed in India?

No. It is a derivative product named NSEIFSC receipts that the NSE IFSC exchange will be offering to Indian investors at a low cost.

✅Now you dont have to route your investments through a broker registered in the US to buy shares of Tesla or Netflix.

➡️What are NSEIFSC receipts?

In order to make US stocks accessible to Indians, members will buy shares in the US and issue receipts against them to us, which will be known as NSEIFSC receipts.

✅They will be equivalent to owning a stake in the company whose receipt they will be.

You can buy/sell these receipts just as you would buy/sell shares of any company.

➡️If an investor buys one receipt of stock, does he own a share in that company?

No. NSEIFSC said it will release the receipt in a certain ratio.

For example,
1 share of Tesla will be equivalent to 100 NSEIFSC receipts,
1 share of Amazon will be equivalent to 200 IFSC receipts.

✅ The value of Tesla's receipt will be about one-hundredth of the value of Tesla shares.

➡️How can one trade in these receipts?

According to Motilal Oswal, you have to open a Trading & Demat account with NSE IFSC registered brokers.

After that, you need to transfer funds from your local bank account to NSE IFSC registered brokers account.

➡️What will be the trade timing?

It will follow US trade timings.
✅ It will begin at 8 pm in the evening and continue till 2.30 am.

➡ Can I trade in all US stocks?

Initially, market participants will be able to trade in these above mentioned 8 stocks, and in a phased manner in 50 of them just like traders do in the US.

➡ What will be the tax liability?

It will be considered as a Foreign asset where short term gains are taxed at slab rate and long term gains at 20% with indexation.

#StocksInFocus #stockmarkets

That's it from what we got through various news.

Drop your doubts and we will try to answer them⤵

#Giftcity

Here's the full list of how many receipts one share will be equal to.⤵️