tech shares: Big tech shares in demand with Indian investors

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Some investors are buying global stocks to hedge against currency risks so that the money needed for their children’s college fees doesn’t spiral, said market participants.

Synopsis

“Also, unlike in India, investors can also buy a fraction of a share in the US market. For instance, one can invest $100 in Amazon though the current share price is more than $3,000 apiece,” said Gopkumar of Axis Securities.

Mumbai: Investing from India in US stocks such as Facebook, Amazon, Apple, Netflix, Microsoft, Alphabet and Tesla has gone mainstream. Retail investors have been rushing to take advantage of surging FAANG stocks, thanks to domestic brokerages that have launched global trading platforms. Demand has been on the rise in the past six months. Over 100,000 new accounts have been opened on global trading platforms so far in 2020, while turnover is up

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