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

At present, domestic investors can get exposure to foreign stocks through a broker who has a tie-up with an international broker

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 the 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 at GIFT City, which is created on