NDPMS Wealth Management

Nik's Diary Indian markets opened marginally in the red tracking SGX Nifty, which is currently trading lower by ~0.2%. Most of the Asian markets are trading in the positive territory with gains in the range of 0.1% to 0.8%. US stocks moved higher on Thursday buoyed by upbeat employment data. The strength on Wall Street came following the release of a report from the Labor Department which showed an unexpected drop in initial jobless claims for the week ended March 9. The report showed that initial jobless claims fell to 332,000, a decrease of 10,000 from the previous week's revised figure of 342,000 and much below the estimates of 350,000. European markets were trading higher on Thursday, ahead of a two-day meeting of European policy makers that begins in Brussels in which EU leaders are expected to endorse plans for structural assessments of national budgets and discuss a bailout for Cyprus. Meanwhile Indian markets reversed the declines in the past three trading sessio...

Nik's Diary Indian markets opened marginally in the red tracking SGX Nifty, which too is currently trading marginally lower by ~0.1%. Major Asian indices have had a mixed opening. While the Hang Seng is trading lower by ~0.8%, Shanghai and Nikkei are trading marginally in the green. US stocks moved modestly higher on Wednesday after recovering from an early move on the downside. The Dow ended the day slightly higher, recording its first nine-day winning streak since November of 1996 and setting another new closing record high. Before the start of trading, the Commerce Department released a report showing a strong jump in retail sales in February, although the increase was largely due to higher gas prices. Most of the European markets were down on Wednesday. Meanwhile Indian markets extended declines for a third day in a row, weighed down by renewed concerns about a slowdown in China and uncertainty over Europe's economic outlook. The Indian markets will keenly await the WP...

Nik's Diary Indian markets opened in the red tracking negative trade in the major Asian Indices like Hangseng, Shanghai and Nikkei which are lower by 0.3% to 0.6%. SGX Nifty too is currently trading lower by ~0.3%. US markets were weak on Tuesday after having a strong rally over the past few trading sessions. The modest weakness onWall Street is attributable to profit booking by traders after the strong rally. US markets will keenly await the release of key reports during the week on industrial production and consumer price inflation. European markets were mixed on Tuesday as weaker than expected British industrial production data led to some negative investor sentiment in certain markets. However, positive news flows from US resulted in gains for other markets. Meanwhile India’s Key  benchmark indices fell on Tuesday for second consecutive day. There was a positive news on the macro economic front, as the IIP for the month of January 2013 improved to 2.4% yoy as compared ...

Nik's Diary Indian markets opened in the green tracking positive trade in the major Asian Indices like Nikkei, Hangseng and Shanghai which are higher by 0.4% to 0.6%. SGX Nifty too is currently trading higher by ~0.3%. US markets which opened marginally lower during the opening trade, ended the day higher after shrugging off some disappointing news from overseas, including weaker than expected readings on Chinese industrial production and retail sales. Lack of major U.S. economic news kept some traders on the sidelines, enabling the upmove in the markets. However, European markets were mixed on Monday with poor economic data from China and downgrade of Italian credit by Fitch resulted in decline of some of the markets. Meanwhile India’s Key benchmark indices fell marginally on Monday snapping the four-day gaining streak. The EXIM data released on Monday indicated that the country’s trade deficit had reduced in February, which is a positive for the economy. The markets would ...

Nik's Diary Indian markets opened in the green tracking positive trade in the major Asian Indices like Hangseng and Nikkei, which are higher by 0.7% to 0.9%. US markets rose higher on Friday buoyed by an upbeat employment report from the Labor department, which showed stronger than expected job growth in the month of February. The Labor department said non-farm payroll employment rose by 236,000 jobs in February compared to economist estimates for an increase of about 171,000 jobs. The report also indicated that the unemployment rate dipped to 7.7% in February from 7.9% in January, falling to its lowest level since December of 2008. Upbeat economic data from overseas also generated some positive sentiment in US, with a report from Japan's Cabinet Office showing that the Japanese economy stabilized in the fourth quarter of CY2012 after seeing modest contractions in the two previous quarters. European markets too closed higher on Friday, tracking positive developments from...