NDPMS Wealth Management

Nifty settles below a crucial 5900 - pt mark. Friday, 21 Dec 2012 Shares went down sharply today amid weak global cues as also profit taking with the NSE-benchmark Nifty plunging by 69 points to close below the psychologically crucial 5,900 mark today.  Selling was witnessed in sectors like banking, oil & gas, capital goods, pharma, fcmg, infra, auto and metal.  The collapse of the US fiscal talks led to uncertainty and rattled investors confidence, triggering selling across the global financial markets. On the domestic front, the CBI today filed a chargesheet against Bharti Airtel, Vodafone and former Secretary of the Department of Telecom Shyamal Ghosh for alleged irregularities in spectrum allocation during the NDA regime which further dampened the market sentiment.  Bharti Airtel shares tanked by over three per cent to close at Rs 307.35. Against the backdrop of overnight development in the US and downtrend in Asian peers, trading started on the NS...

The Indian market was expected to open in red, mirroring negative opening trades in most of the Asian markets, after optimism  for a resolution to the U.S. fiscal cliff received a dent from Republicans canceling a vote on a back-up tax-cut plan. The U.S. markets ended modestly higher yesterday as Republican House Speaker John Boehner expressed optimism about reaching a budget deal with President Barack Obama along with upbeat economic data. The National Association of Realtors in the U.S. indicated that existing home sales rose 5.9% to an annual rate of 5.04mn in November from a downwardly revised 4.76mn in October. Also, for its final estimate for the third quarter, GDP got a notable upgrade. Real GDP growth for the third quarter was revised up to 3.1% annualized, compared to the second estimate of 2.7% annualized. Indian markets fell modestly yesterday, mirroring lackluster global cues on growing worries that U.S....