Buying US stocks via Gift City to get easier as Zerodha, Groww, Angel One and Upstox get nod (opens original article in a new tab)

Indian retail brokerages Zerodha, Groww, Angel One, and Upstox have received regulatory approval to enable US stock trading via Gift City, Gujarat, with different licensing structures for trade settlement.

• Four Indian brokerages received IFSCA approval to operate from Gift City for US stock trading.
• Groww and Upstox have GAP licenses, while Zerodha and Angel One are broker-dealers.
• US stock trading volumes in India rose 20% following SpaceX's stock market debut.