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

Domestic stock market continues to boom for the fourth consecutive day After the budget, the trend of Indian stock market continued on Thursday for the fourth consecutive day. Sensex and Nifty were both trading with green marks. The Sensex was trading at 41,217.11, up by 74.45 points from the previous session at 10.36 am. At the same time, the Nifty was up by 24.45 points at 12,111.55 as compared to the previous session. Earlier in the session, the Bombay Stock Exchange (BSE) Sensex based on 30 shares of the Sensex opened at 41,209.13 and rose to 41,342.19. The National Stock Exchange's 50-share sensitive index Nifty also opened higher at 12,120 and rose to 12,151.25 from the previous session. Experts say that after the General Budget was presented in Parliament, during the special session on Saturday, there was a huge fall in the market, which was seen in the recovery in the previous sessions. However, foreign signals are also getting positive, which is supportin

Budget 2020: Stock market causes heavy losses to investors On Saturday, Finance Minister Nirmala Sitharaman presented the Budget 2020, after which the stock market collapsed and investors lost Rs 4 lakh crore. The Bombay Stock Exchange’s flagship index Sensex closed at 39,735.53, down 987.96 points, or 2.43 per cent. At the same time, the National Stock Exchange’s Nifty closed at 11,643.80, after losing 318.30 points, or 2.66 percent. This is the biggest decline of a decade. The   stock market   was not happy with the general budget. Let’s know five reasons, because of which this market fell drastically Confusion about tax slab For the convenience of common taxpayers, the Finance Minister has announced a new income tax slab. According to this, if a taxpayer files his return according to the new slab, then he will benefit greatly. However, if the taxpayer uses exemption options like section 80C, 80D, 80G and 80E and standard deduction, then there will be no benefit in

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