NRIs can trade only on delivery based equities and equity futures and options (it is mandatory to have a Custodian Participant code to do so).
Yes, a Non-resident Indian can trade in equity futures and options. Yes, NRIs can trade in the F&O segment of the exchange out of the rupee funds held in India on a non-repatriate basis.
Can an NRI do intraday trading in India?
No, NRIs are not permitted to do Intra-day trading in India Stock Market.
Here is the list of what NRIs can do and what not:
NRI available Investment Options in India
Instruments | NRI Permitted? |
Equity Delivery (Cash & Carry) | Yes |
Equity Derivatives (Future & Options) | Yes |
ETF | Yes |
NCD / Bonds | Yes |
IPO | Yes |
Equity BTST (Buy Today Sell Tomorrow) | No |
Short selling | No |
Currency Derivatives | No |
Commodity Derivatives | No |