Fear of wealthy Chinese investors raiding the Indian stock market -is it real?

Published On: Wednesday, April 15, 2020 | By: Team KnowMyStock

A fear of wealthy Chinese investors raiding the Indian stock market seems to be in rise. Securities & Exchange Board of India (Sebi) has asked custodian banks to disclose details of the ultimate beneficial owners’ of foreign portfolio investors (FPIs) based in China and Hong Kong. The UBO is the last natural person owning a fund or entities controlling a fund above a certain level. Sebi’s direction to custodians is an immediate reaction to the People’s Bank of China buying a little above 1% in HDFC considered as one of the blue-chip stocks. "Following the sharp fall in stocks, there is an anxiety among many corporates and parts of the government about Indian companies and assets facing takeover threats from Chinese investors – either private or directly or indirectly with support from the Chinese government. Probably, it’s an overreaction. But the paranoia is understandable with advanced countries like Australia creating hurdles for Chinese investors,” experts opined.

Closing Bell: Sensex gains 85 points, Nifty at 18755.90

Closing Bell:Sensex gains 418 points, Nifty at 18716.15

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Closing Bell: Sensex down 223 points, Nifty at 18,563

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Closing Bell: Sensex up 240 points, Nifty at 18593.85

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

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