Hi,
Some banks state that it is not possible for NRI in US to trade in Indian markets. Is there any RBI/SEBI restriction? Can NRI open demat in India? Can US citizens open demat in India?
try www.jvfinancial.com. they advise how u can open demat account and trade from US. rule is that u cannot trade online , but over phone, email sms etc it is allowed. impossible for anyone to verify if u actually trade online though.