NDPMS Wealth Management

Nik's Diary The Indian markets opened flat mirroring flat opening trades in the SGX Nifty and mixed opening across major Asian bourses. The US markets moved mostly higher during trading on Thursday after ending the previous session roughly flat. The markets benefited from a positive reaction to the latest earnings news as well as some upbeat employment data. The Labor Department report showed that initial jobless claims fell to 339,000, a decrease of 16,000 from the previous week's revised figure of 355,000. Meanwhile, the European markets extended their recent upward trend to a fifth consecutive session on Thursday on expectations of rate cut by the ECB at their upcoming meeting next week. The better than expected British GDP result and the bigger than expected decline in U.S. jobless claims also contributed to the positive mood. Meanwhile, Indian markets edged sharply higher to a six-week high on Thursday, primarily lifted by aggressive buying in rate-sensitive stocks on...

Nik's Diary The Indian markets opened flat mirroring flat opening trades in the SGX Nifty and mixed opening across major Asian bourses. The US markets, after moving mostly higher over the course of the three previous sessions, showed a lack of direction throughout the trading session on Wednesday. The lackluster performance came as traders remained uncertain about the nearterm outlook for the markets. Meanwhile, the European markets extended their recent gains to a fourth consecutive session on Wednesday. The larger than expected decrease in German business confidence added to speculation that the ECB might cut rates in its upcoming meeting scheduled next week on Thursday. Meanwhile, Indian markets were closed yesterday on account of a holiday. On Tuesday, Indian markets reversed early losses to end largely unchanged ahead of the F&O expiry slated for Thursday. The Indian economy has bottomed out and growth will pick up to 6.4% in the current fiscal, PMEAC Chairman Rangara...

Nik's Diary The Indian markets opened flat to positive tracking flat opening in SGX Nifty and of major Asian markets. The US markets moved mostly higher over the course of the trading day on Monday, partly offsetting the steep losses that were posted last week. The upward move on the day reflected strong gains by technology and resource stocks. The major averages all ended the day in positive territory, although the Dow under performed its counterparts. The European markets pared their gains in late trade Monday, but still largely finished to the upside. The markets were positive in early trade, on the news that Italy's parliament re-elected President Giorgio Napolitano for a second term on Saturday. Meanwhile, Indian markets ended at a one month high. Continued expectations of a cut in key interest rates by the RBI helped to keep investor sentiments buoyant on Monday. With inflationary pressures easing and the rupee remaining more or less stable, most analysts expect th...