NDPMS Wealth Management

Nik's Diary The U.S. markets moved mostly lower during trading on Wednesday on continued concerns about the looming fiscal cliff. The weakness on Wall Street came as traders expressed pessimism about the fiscal cliff negotiations, considering that lawmakers have only a few days to reach a budget agreement before the year-end deadline. The worries about the fiscal cliff overshadowed a report from Standard & Poor's, showing the strongest annual rate  of  growth  in  home  prices  in  over  two years. All of the major European markets remained closed for a second straight day due to the Christmas holidays, while stock markets across the Asia-Pacific region moved mostly higher on Wednesday. Indian shares rallied on Wednesday on the back of easing liquidity concerns after the Reserve Bank of India said it would pump in `8,000cr in the market on 28th December 2012 by buying government s...

Nik's Diary: Nifty and Sensex were slightly up from the previous closing during first hour of trade today. Trade activity was slow due to a holiday yesterday. IT sector was performing sluggishly whereas Metal sector stood steady. FII's movement has also been inactive due to the festive mode. It is expected that next trigger in volatility or market movement would be in the third quarter of this financial year. Resolution to 'fIscal cliff' and an increased fund inflows and outflows by the FIIs, would determine the market trend. CARE (Credit Analysis and Research Ltd) CARE (Credit Analysis and Research Ltd) is promoted by major banks and financial institutions and the three largest shareholders are IDBI Bank with 26 per cent, Canara Bank at 23 per cent and State Bank of India holds 9 per ce nt. C are Ratings, was expected to list at Rs 900 today, a 20 per cent premium to its issue price of Rs 750 per share. It listed at Rs 940. Care Ratings’ hefty premium...

Nik’s Diary The Nifty was expected to open in green due to positive start to most Asian Indices. However, there is a huge pessimism in the markets due to the ongoing worries about the Fiscal Cliff. The pessimism took an exponential hike when the talks were broken down between the Democrats (Obama) and the House Speaker John Boehner. The White House and Congressional leaders have until January 1 of the New Year to work out a budget deal. Hence prepare yourself for an exciting first week of the New Year. The matter of fact is that Washington’s news has overshadowed the batch of upbeat economic data, including a report showing a bigger than expected increase in durable goods orders which increased by 0.7% in November following a 1.1% increase in October. The Commerce Department also released a separate report showing a much bigger than expected increase in personal income in November. Traders are likely to keep a close eye on developments in Washington as the fiscal cliff deadl...

Weekly Review It was quite obvious that indices on Monday this week will open in line with the global signals and were quite  silent on the initial day of the week. As expected, we also witnessed substantial volatility on the day of the RBI Monetary policy. No change in monetary stance initially triggered a fall but a recovery in the second half in the PSU banking counters led to a close in the green. During the last two trading sessions, pessimism returned into the market on the back of negative news flow from US markets. A fall of more than a percent on Friday's session led indices to test '20-day EMA' and eventually close marginally above it. The Sensex and the Nifty ended the week with a nominal loss of 0.39% and 0.54%, respectively. Future Weekly View According to technical analysis tools such as daily momentum oscillators indicate a relatively higher probability of a short term correction in the...