NDPMS Wealth Management

Nik's Diary The Indian markets opened in the red, tracking negative opening in most of the Asian markets as fears about the strength of the Chinese economy prevailed and a steep fall in commodity prices prompted the worst sell-off in five months on Wall Street. The US markets ended modestly lower on Monday as disappointing economic data from the US and China weighed on investor sentiment along with news of two explosions at the Boston marathon. China’s first quarter GDP came in at 7.7% against 7.9% growth in the fourth quarter. Also, the New York Federal Reserve released a report showing that its index of regional manufacturing activity fell to 3.1 in April from 9.2 in March. Additionally, the National Association of Home Builders released a report showing an unexpected drop in homebuilder confidence as the NAHB/Wells Fargo Housing Market Index fell for the third straight month, dropping to 42 in April from 44 in March. Meanwhile, Indian markets rose on Monday, as soft inflati...

Nik's Diary The Indian markets opened in the red, tracking negative opening in most of the Asian markets as a sharp rebound in the yen, a commodity-price slump and caution ahead of a slew of Chinese economic data pulled investors to the sidelines. Chinese economic data came in weaker than expected, as the first quarter GDP came in at 7.7% against 7.9% growth in the fourth quarter. Also, China’s industrial production for March came at 8.9% yoy vs an estimate of 10%. The US markets ended modestly lower on Friday following weak March retail sales and consumer sentiment data. The Commerce Department released a report showing that retail sales fell by 0.4% in March after surging up by a revised 1.0% in February. Adding to the negative sentiment, Reuters and the University of Michigan released a report showing an unexpected deterioration in consumer sentiment in the month of April with the consumer sentiment index falling to 72.3 from 78.6 in March.Meanwhile, Indian markets snapp...