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In India, not only to buy a new iPhone, but also a large crowd of people to buy shares of Apple Company. This time when the iPhone 17 was launched, Indian investors showed great interest in Apple's shares. He hopes that the success of the new iPhone will increase the price of Apple's shares. The Economics Times report quoted a broker as saying that the trading volume of Apple's shares in September has increased by 20-30% compared to last month.

Investors interested in the apple product launch

Whenever a new iPhone has been launched in the last 5 years, the purchase and sale of Apple's shares has increased from 200% to 500% in the same week. The special thing is that the number of people investing in foreign shares and exchange-traded funds (ETFs) through Indian online trading platforms is also increasing. According to media reports, CEO Nikhil Bahle of Ind Money said that about 70 percent of the orders were given to buy shares on his platform. These investors are expecting a rise in the prices of shares after the launch of Apple's new product.

Shares declined before iPhone launch

However, soon after the launch of the iPhone 17 on 9 September, Apple's shares also declined by 3.2%. Even before the launch, the price of the stock fell to 5.4%. But even in the midst of these ups and downs, the interest of investors has increased in Apple's shares. Last month, Apple's stock rose 11 percent, while the NASDAQ Composite index went up just 1.6 percent.

How do Indian people buy foreign shares like Apple?

People in India invest money in foreign shares in two ways and first by purchasing foreign shares through International Mutual Funds.

Nowadays there are many online apps and platforms that allow you to buy foreign shares like Apple, Google directly. For this, a government scheme is used which is called LRS i.e. Liberalized Remittance Scheme which allows Indians to be sent abroad every year $ 2,50,000 (about ₹ 2 crore).