Negosentro | Navigating India’s Stock Market: A Beginner’s Guide to Investing | If you’re looking to expand your investment portfolio and invest in some foreign stocks, then the Indian stock market is a fantastic place to start. India has a very diverse economy, with lots of growth in many different sectors, making it very attractive for both seasoned and new investors. Whether you’re interested in technology, finance, or manufacturing, there will be a stock for you to look into in this market.
In this guide, we will walk you through everything you need to know prior to investing in the Indian stock market. This covers things from how to get started, to some potential stocks to look into as an investment.
There are many reasons to invest in the Indian stock market, one of them being the signs of bullish moves by large investment firms. If Indian investment firms are raising hundreds of millions of dollars, then it’s a pretty good sign that the economy is good for investments.
To get started with investing in the Indian stock market, you’ll need to make sure your online brokerage allows for investing in foreign markets. Fortunately, most large online brokers such as Charles Schwab, Fidelity, or Interactive Brokers.
There are plenty of other online brokers that offer international investing, however for the purposes of this article we’ll only be going over how to get set up with Charles Schwab, Fidelity, and Interactive Brokers.
If you have an account with Charles Schwab, then you can directly invest in global stocks provided that account is a Schwab One account. If it isn’t, then you can easily upgrade it for no fees by visiting this page on their website. For additional help, you can also speak with a dedicated broker about foreign trading by calling their Global Investing Services team.
If you have an account with Fidelity, then the process is roughly the same, and there are also 25 countries to invest internationally with. If you have trouble accessing the Indian stock market, you can contact an international trading specialist from Fidelity.
With 33 countries and 150 market centers, Interactive Brokers certainly offers the most extensive international investment services out of the other brokerages we have listed. To learn more about their services and what exchanges you can invest in apart from Indian exchanges, then check out their international trading page.
India Stocks To Consider
Finally, we’d like to recommend just a few India-based stocks to consider investing in. These stocks have been known to perform well, and are invested in by dozens of investment funds.
ICICI Bank Limited
ICICI Bank Limited is a bank based out of Mumbai, and offers banking services in retail, wholesale, treasury, and other forms of banking. There are a total of 33 hedge funds invested in this stock as of June 13th, 2023, with a collective investment totaling $2.5 billion.
HDFC Bank Limited
HDFC Bank Limited is another bank based out of Mumbai, and also provides services in Bahrain, Hong Kong, and Dubai. They specialize in Treasury, Retail, and WHolesale banking. As of June 13th, 2023, there are 40 hedge fund holders of this stock, with one of the largest stakeholders, Viking Global, holding a $552.4 million stake in the company.
If you’d like to check out more promising Indian stocks, then follow this link here to an article by Insidermonkey.