Nvidia's surge in the stock market has set numerous records recently. With its market capitalisation approaching $1.9 trillion, Nvidia has surpassed the collective m-cap of all 30 companies listed on the Sensex.
Global investors are increasingly viewing Nvidia as an attractive opportunity to enhance their investment portfolios.
Despite being listed in the United States, investors from India can also actively participate in Nvidia's success by acquiring its stock.
For those interested in purchasing Nvidia stock in India, the company is listed on the NASDAQ index under the symbol NVDA.
To initiate this investment journey, Indian investors must open an international trading account. This process can be facilitated through various online platforms such as Groww, Angel One, and others.
To open an international trading account, individuals will be required to submit their bank account details and Know Your Customer (KYC) documents.
Alternatively, Indian residents can explore the option of opening an overseas account through domestic brokerage firms that have international collaborations, such as ICICI Direct, HDFC Securities, Kotak Securities, Axis Securities, and more.
Moreover, investors can directly access Nvidia stock by creating an account on international brokerage platforms like Charles Schwab, Ameritrade, Interactive Brokers, and similar entities.
Meanwhile, Indian mutual fund houses also held some stake in Nvidia through their foreign equity holdings.
As of December 2023, four mutual fund houses — Axis, ICICI, Mirae, and Motilal Oswal — held some 1.7 lakh shares of Nvidia, which are currently valued at about $132 million.
Nvidia on Wednesday (February 21) reported revenue of $22.1 billion for the fourth quarter ended January 28, 2024, which was up 22% from the previous quarter and up 265% from a year ago.
(Edited by : Amrita)
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