NDPMS Wealth Management

Nik's Diary The Indian markets opened in the green mirroring a positive opening in SGX Nifty, which is trading higher by 0.7%. Most of the Asian markets too are trading in the green, gaining by around 0.3%-1%. The US markets rose for the third consecutive day in a row buoyed by positive news flows arising from China and within the country. A report from Chinese Customs department showed that the country’s imports rose 14.1% in March and was more than double the estimated rate of growth. Higher than estimated rate of growth generated optimism about domestic demand in China. US markets were also boosted by minutes of the latest Federal Reserve meeting which indicated that the central bank will maintain its asset purchase program at the current pace until at least the middle of the year. Meanwhile, Indian markets snapped the five-day losing streak buoyed by gains in Asian as well as European markets and strengthening of Indian Rupee. The  4QFY2013 results season is scheduled to b...

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...

Nik's Diary The Indian market opened flat today mirroring negative opening trades in the SGX Nifty and most of the Asian bourses. The US markets, after moving sharply lower in early trading on Friday, regained some ground in the latter part of trading, but finally ended the session in red. The sell-off seen at the start of trading came on the back of a report from the Labor Department showing much weaker than expected job growth in the month of March. The report showed that employment edged up by 88,000 jobs in March following an increase of 268,000 in February. A separate report from the Commerce Department showed that the U.S. trade deficit unexpectedly narrowed in the month of February, which helped to limit the downside for the markets. Most of the European bourses ended Friday’s trading session notably lower, on back of downbeat U.S jobs data, which overshadowed positive economic data coming from Germany. Meanwhile, Indian markets posted modest losses on Friday, extending...