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Stock impact report

Indians venture into U.S. stocks as markets slump at home [Reuters (UK)]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Reuters
Indians venture into U.S. stocks as markets slump at home - Reuters 4 Min Read MUMBAI (Reuters) - More Indian investors are turning to U.S. stocks to escape tumbling markets at home and pick up exposure to global technology giants that are rising through the coronavirus-led market turmoil. With more mom-and-pop investors chasing overseas stock investments that were until now a hobby of the wealthy, brokers that help investors navigate these trades through India’s highly restrictive cross-border investment rules are thriving. Vested Finance, an investment firm that helps Indians buy or sell U.S. stocks, opened 4,000 new accounts in March, double that in February. The company usually sees a 30% rise in account openings each month. Pranav Mehta, who owns an electronic parts manufacturing company, is one such investor. As his business hit a downturn, Mehta bought one share each of Amazon.com ( AMZN.O ), Adobe ( ADBE.O ), Microsoft ( MSFT.O ), NVIDIA ( NVDA.O ) and Mastercard ( MA Show less Read more
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