chavas,
I'm in the same boat as you are. I have traded the US stock market for 9 yrs - stocks, options and futures; and am looking to do the same inthe Indian stock market.
I've found out to date that you need the following to begin trading in India:
- NRE account with a bank (mine is with HDFC)
- a Demat account (once you set up the bank acct, my NRI relationship manager at HDFC helped me process the paperwork for this)
- a trading account (this is where I'm stuck at the moment...)
I need to make a decision relating to which online brokerage....sharekhan, icici direct, navia markets (which HDFC-Chennai is suggesting I use), India Infoline/5paisa, kotak, any others?
Do the experts here have an opinion on how these brokerages differ in commissions, customer service, trading / charting package, security, accuracy of data feeds etc.