Why are Indians investing heavily in Apple shares after iPhone 17 release?
Mumbai: It is not just the new iPhone that Indians are queuing up to buy – they are also snapping up shares of its maker, Apple. Domestic traders have been piling into the stock on expectations of a price pop following the iPhone 17 launch on September 9.
Trading volumes in Apple in September surged 20-30% compared with last month’s average on local online trading platforms, through which Indians can bet on offshore stocks and exchange-traded funds, said brokers.
