SP Chandel - Stock Market News & Updates

Mukesh Ambani is No Longer Asia's Richest Man According to : -  entrepreneur.com India’s energy tycoon Mukesh Ambani has lost the Asia’s Richest Man title to Alibaba Group founder Jack Ma following a sharp fall in oil prices and the resultant global stocks. The Reliance Industries Chairman’s lost $5.8 billion (INR 42,700 crore) on 9 March, as reported by Bloomberg. With a net worth of $42.3 billion or INR 3.1 lakh crore, as on the day of filing this story, Ambani is placed on the 19 th  position on Bloomberg Billionaires Index, a daily ranking of the richest people, preceded by Ma with net worth of $45.7 billion. Amazon’s Jeff Bezos, Microsoft founder Bill Gates and CEO and chairman of Berkshire Hathaway Warren Buffett were the top three on the list with net worth of $117 billion, $107 billion and $79.8 billion, respectively. Apart from Ambani, Wipro’s Azim Premji (67), HCL founder and Chairman Shiv Nadar (84) and banking tycoon Uday Kotak (98) are the other thre

Sensex rises 147 points, Stock market continues to boom On the last day of the week, domestic stock markets ended the session with a boom. However, there was some profit booking in the last hour, which reduced the market growth. Tension has come down in the US and Iran. The trade deal between the US and China will be signed on 15 January. In such a situation, the focus of the market will now be on the third quarter results and the budget coming on February 1. The BSE Sensex gained 147 points, or 0.36 per cent, to close at 41,600. At the same time, the Nifty 50 index ended the business at 12,216, registering a gain of 41 points or 0.33 percent. Midcap index and Smallcap index just finished the week with a good rally. Coal India shares jumped 3.5 percent on the Nifty 50 index. After this, shares of Infosys, Ultratech Cement, Maruti Suzuki, GAIL India, Kotak Mahindra Bank, Tata Motors, Asian Paints, Sun Pharma and Hindustan Unilever rose the most.

Advice for New Investors More and more new investors have come up with a common motive to earn good amount of money from the stock market. You have to know that if you are a novice investor then there are many important things that you need to know to remain yourself updated in the market. You should never try to make any investment in the stocks blindly because this would only lead you to make huge amount of losses and you would repent for your own mistakes.  There are some investors who make the wrong decision to invest in the stocks when the condition of the market is not good at all. So in this case they have to lose their money and it also makes them to lose their confidence as well. So there are some important things that you need to do in order to overcome these difficulties. One of the major things that you should always do is to get a good source of information where you would be able to make the right income and at the best time. You have to make sure that you are mak

Oil Prices Fall Despite OPEC + Supply Cut spchandel.com - Oil costs fell on Friday in Asia even afterthe Organization of the Petroleum Exporting Countries (OPEC) and its partners consented to build yield cuts by almost half in mid 2020. U.S. Unrefined petroleum WTI Futures exchanged 0.3% lower to $58.27 by 12:29 AM ET (04:29 GMT). Universal Brent Oil Futures were down 0.4% to $63.15. OPEC+ consented to cut an extra 500,000 barrels for each day (bpd) of generation. Be that as it may, the move neglected to lift oil costs today as the slices would likely just last through the primary quarter of 2020. It is an a lot shorter time span than proposed by some OPEC pastors, who have called for broadening cuts until June or December 2020.  The "choice is by all accounts to a greater extent a housekeeping move that will limit the hole between their present objective and the over-consistence we have seen from the coalition," said Edward Moya senior market investigator at OANDA in

I have in person endowed within the below middle cap / corporation stocks which is able to be best multibaggers over 5 years of investment horizon given their fundamentals & future growth story :- And that stock may well be a little-known cyprinid fish, like Sahyog Multibase, that has already delivered one,755 per cent come back since last Diwali. Even foreign institutional investors (FIIs) have lapped up over one per cent stake within the company within the Sept quarter of 2019. The company is engaged within the business of plastic, chemicals staple, polymers moreover as petrochemicals. With a capitalisation of simply Rs 173 large integer, the security listed at Rs 217 on BSENSE -0.94 you decide on Oct 15 against Rs 11.70 on November 7 last year. Like Sahyog Multibase, there ar ten different smallcap stocks, every with a market-cap but Rs 2,000 crore, wherever FIIs held over 1 per cent stake as of September 30. Pioneer Investcor