NDPMS Wealth Management

Nik's Diary The Indian market opened in the red today mirroring the negative opening trades in the SGX nifty and most of the Asian bourses. The US markets continued to perform well throughout the trading session on Tuesday and ended on a positive note. Positive sentiment on the Wall Street was generated by the release of a Commerce Department report showing a notable rebound in factory orders in the month of February. Traders also kept an eye on developments in Europe, where Cyprus was reportedly given an additional two years to meet the conditions of its bailout agreement. Most of the European bourses rallied higher on Tuesday, after returning from their four day Easter holiday weekend. Economic data from Europe and the U.S. contributed to the positive mood. Meanwhile, Indian markets rose sharply on Tuesday, extending recent gains after the RBI rationalized investment limits for foreign investors in bonds in a bid to attract more foreign flows to plug the widening curren...

Nik's Diary The Indian market opened flat today, tracing the marginally negative opening trades in the SGX nifty and the mixed opening across major Asian bourses. The US markets ended the day lower on Monday after showing a notable move to the upside last week. The weakness came following the release of report from Institute for Supply Management showing a notable slowdown in the pace of growth in the manufacturing sector which fell to 51.3 in March from 54.2 in February. The disappointing manufacturing report overshadowed a separate report from the Commerce Department showing a notable rebound in construction spending. Meanwhile, Indian markets rose on Monday despite weak Asian cues and disappointing economic data. India's CAD widened to a record high 6.7% of GDP in the 3QFY13, however, it failed to have any considerable impact on investor sentiment. Investors also shrugged off disappointing manufacturing PMI data after a knee-jerk reaction.  SC rejects the Novartis...

Nik's Diary The Indian market open flat mirroring flat opening trades in the SGX Nifty and negative trades in the major Asian Indices. Major Asian bourses are trading lower, as the recent economic data releases have shown that the confidence among big Japanese manufacturers missed estimates and factory output in China has expanded at a slower-than-expected pace. The US and the European markets were closed on Friday due to the Easter holiday. On Thursday, the US markets, after initially showing a lack of direction, moved mostly higher over the course of the trading day. The strength on the Wall Street was partly due to the recent upward momentum for the markets, with traders showing continued buying interest despite recent concerns about the sequester and the situation in Cyprus. Most of the European bourses finished in the green on Thursday. Cypriot banks reopened for business on Thursday, after being closed since March 16, with limits imposed by the Cypriot Govt. on withdra...