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Track the movements of Sensex and Nifty stocks. Research possible stocks. Work with an Indian broker. Register for a PAN (Permanent Account Number) card. Open a savings or banking account. Establish a Demat account. Tell your broker which stocks to buy at which price point. Be aware of taxation rules in India.

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The movement of the Bombay Stock Exchange is indexed by the changes occurring to 30 Sensex stocks. The NSE’s movement is tracked by 50 stocks that comprise the Nifty. These stocks represent large, generally stable companies and are a good investment option for beginners to the market. For example, Coal India, Ltd., and the State Bank of India are both listed on the NSE. Go online and read financial reports or stock analyses created by financial advisors. Look for news that specifically involves Indian stocks. Search google for “Indian stock news” and read the latest accounts. If you have a broker, compare what you’ve learned with what they know about the market.  If you can find a company’s annual or quarterly reports online, they will often contain important information regarding revenue and net income. Finding out what you can about a company’s management team may also help you to decide whether or not to invest. For example, if they are led by Chief Financial Officer known for success, then the odds of the stock rising is more likely. When you are ready to start buying and trading, reach out to a brokerage company based in India. They will be able to guide you in preparing any necessary taxation documentation. They can also help you to open any additional savings or banking accounts that will be necessary for trading. If you think that you’ll need advice for trading, it’s best to choose a full service broker. A discount broker will only provide minimal trade assistance. Go to the PAN Services Unit Website and download the necessary forms. Fill out the forms and include proof of identity, address, and date of birth, along with 2 passport-sized photographs. Mail these documents to the PAN Income Tax Department address on the form. If you are going to buy Indian stocks, you must have a 10-digit PAN number. This allows tax authorities to track your investments and tax burden. If you don’t have one in place already, you’ll need a banking account in order to transfer funds to your broker or brokerage site for stock purchases. Your profits can also be deposited in your banking account, if you’d like. Many people prefer to create a separate savings account specifically for stock trading. This is the account where your stocks will virtually reside after your purchases or trades. To open a Demat account you must fill out paperwork with a Depository Agency. They will then issue you an account number that you can use for trading purposes.  You will also receive statements showing your account status and balance, just like you would with a standard bank account. The Depository Agency that houses your Demat account will likely charge you both maintenance and transfer fees. Make sure that you are clear about any fees or charges before creating your account. The price of stocks continually fluctuates. So, you’ll want to determine at what point you’d like your broker or online brokerage account to make a purchase for you. Then, they will activate a buy order when the stocks reach that level. The same process goes for a sell order. For example, your broker can buy 10 shares of Sears Industries out of India at a particular price for you, as long as your account funds will support it. Your dividends earned from shares will generally be tax free up to a certain limit. You are also able to avoid a capital gains tax if you hold on to your shares for a profit after 1 year. If you make a profit from selling prior to 1 year, then you will owe a capital gains tax. Knowing the timetable for taxation may help you to plan when to buy and sell certain stocks.