Fundamentals May 22, 2013

Nik's Diary

The Indian markets opened in green tracking marginally positive opening in most of the Asian markets, as indications that the Federal Reserve Bank wasn’t close to slowing its asset purchases lifted investor sentiment. US markets ended modestly higher in yesterday’s trading session, after comments from two Federal Reserve officials suggested that the central bank is not close to tapering its bond-buying program. St. Louis Fed President said that the central bank should continue with its present bond-buying program and adjust the rate of purchases in view of incoming data on growth and inflation. The Fed’s US$85bn a month asset-purchase program aims to boost economic growth and lower the jobless rate. The program has buoyed the stock market and its end - if not properly managed - may hurt sentiment among equity investors, potentially triggering a correction in the market.Meanwhile Indian markets ended a choppy session notably lower on Tuesday, mirroring weak global cues as investors turned their focus to Fed chairman Ben Bernanke's Congressional testimony to Congress and the release of the Fed's May minutes due this Wednesday for cues on the outlook for interest rates.

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Fundamentals April 30, 2013

Nik's Diary The Indian markets opened in the green following strong start to SGX Nifty and major Asian indices after better-than-expected reading on US housing sales and amid speculation that central banks will continue the stimulation measures. The US markets ended on a positive note on Monday with S&P 500 closing at a record high as traders reacted positively to the latest batch of economic news. The strength on Wall Street reflected a positive reaction to a report from the National Association of Realtors showing a bigger than expected rebound in pending home sales in the month of March. The pending home sales index rose by 1.5% in March 2013 after falling by 1% in February 2013. A separate report from the Commerce Department showed that personal spending climbed 0.2% in March 2013 following a 0.7% increase in February 2013. Meanwhile in India, renewed hopes of an interest rate cut at the RBI's monetary policy meet that is scheduled on May 3 helped stocks close high...

Fundamentals April 10, 2013

Nik's Diary The Indian markets opened in the green mirroring a positive opening in SGX Nifty, which is trading higher by 0.4%. Asian markets are trading mixed with the Hang Seng, Nikkei and Seoul Composite higher by 0.4% to 0.7%, while the Strait Times and Jakarta Composite are lower by 0.2% each. The US markets, after remaining directionless in early trade, rose higher during the course of the day, yesterday. The positive performance of the markets was partly due to tame inflation reported by China, which eased concerns that the People's Bank of China might tighten its monetary policy. US markets didn’t react much to the report released by commerce department which indicated that wholesale inventories unexpectedly dipped by 0.3% in February, although wholesale sales jumped 1.7%. The European markets ended Tuesday's trading session with mixed results after trading positively in the opening trade. Meanwhile, Indian markets posted losses for the fifth consecutive tradi...

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