Mumbai – Indian investors are likely to soon gain access to shares listed across 30 international markets through the NSE International Exchange (NSE IX), according to media reports. The exchange plans to scale up its recently launched global investing platform over the next three to six months.
NSE IX Managing Director and CEO V Balasubramaniam said that while the platform currently facilitates trading in US stocks, work is underway to add several more overseas markets. These are expected to include major G7 economies such as European countries, Japan and the United Kingdom.
The NSE IX Global Access platform allows Indian investors to invest in foreign equities through a fully digital onboarding process, without the need for a demat account. Trades are settled on a T+1 basis, meaning settlement takes place one day after execution.
The exchange has also emphasised cost and tax efficiencies, offering zero stamp duty, zero Securities Transaction Tax (STT) and zero capital gains tax for non-resident investors. All trading, margins and settlements on the platform are conducted in US dollars, eliminating the need for currency conversion at the transaction stage.
The platform will remain open for trading for up to 21 hours a day across two sessions, enabling investors to participate in market movements across Asia, Europe and the United States.
All transactions are regulated by the International Financial Services Centres Authority, which oversees financial operations in India’s international financial hubs.
Separately, NSE IX has entered into a strategic partnership with the Finance Industry Development Council. Under this arrangement, non-banking financial companies operating in GIFT City will be able to raise funds by listing debt and other financial instruments on the NSE IX platform.
The exchange, which functions as an international multi-asset bourse at GIFT City, aims to strengthen the IFSC ecosystem by expanding access to both equity and debt products and supporting the long-term funding needs of NBFCs.