Indian trading apps roll out access to U.S. stocks, boosting retail demand for Nvidia, SpaceX, Apple

What happened

Major Indian investment platforms are expanding access to U.S. stocks, letting millions of retail investors diversify into global assets while domestic markets underperform. Groww rolled out U.S. equity trading earlier this month, offering over 10,000 U.S. stocks, exchange-traded funds, and fractional shares.

Confirmed

Global impact / market context

Broader access shifts part of Indian retail savings toward U.S. shares, especially technology names, which can raise demand for those stocks while pressuring local brokerage revenue models that depend on domestic trading activity and product breadth.

Analyst inference

The move follows continued underperformance in Indian markets, pushing retail investors to seek overseas diversification once limited to wealthier clients through global banks. Competition among Groww, Zerodha, and Angel One could accelerate adoption and change how brokers attract and retain clients.

Analyst inference

What to watch

1. Zerodha, the second-largest trading platform with a 15% share of active clients, has started beta testing U.S. stock access and plans to launch within a few weeks, according to the report. Confirmed
2. Angel One, a brokerage with 6.7 million active retail clients, is reportedly planning to launch U.S. stock trading on its platform, which would widen access beyond Groww and Zerodha. Confirmed
3. Watch whether retail demand concentrates in popular technology names like Nvidia, Apple, Alphabet, Amazon, Micron, Meta, and SpaceX, and whether that flow affects those shares and local brokers' revenue mix. Analyst inference

Evidence

• seekingalpha.com