NDPMS Wealth Management

Nik's Diary The Indian markets opened flat today tracing flattish opening trades in SGX Nifty and most of the Asian markets After showing a lack of direction throughout much of the session, US stocks ended Thursday's trading session mostly lower. The weakness seen at the close of trading on Wall Street was partly due to profit taking, as some traders cashed in on the recent strength in the markets. Nonetheless, selling pressure remained relatively subdued, limiting the downside for the markets, partially due to the release of a report from the Labor Department showing that initial jobless claims unexpectedly fell to a new five-year low in the week ended May 4th. Although the European markets got off to a weak start on Thursday's trading session, markets pared their early losses and ended in positive territory after better than expected U.S. weekly jobless data and Bank of England maintaining its interest rate. Meanwhile, Indian shares fell on Thursday, as investors ado...

Nik's Diary The Indian markets opened positive today tracking strong cues from SGX Nifty. Meanwhile, the major Asian markets are up in early trading except for Hang Seng. After recovering from an early move to the downside, US stocks moved mostly higher over the course of the trading day on Wednesday. The markets extended the upward trend that has been seen since a brief pullback in mid-April. With the gains on the day, the Dow and the S&P 500 reached new record closing highs, while the Nasdaq set another new twelve-year high. The European markets also moved higher on Wednesday, extending gains from the previous trading session. The markets got off to a positive start thanks to the better than expected trade data released by China. The unexpected increase in Germany industrial production, coupled with yesterday's factory orders growth, also provided a boost to investor sentiment. Meanwhile, Indian shares continued to rise Wednesday to close at 3 month highs with the B...

Nik's Diary The Indian markets opened positive today tracking strong cues from SGX Nifty and most of the Asian markets. Asian indices have rallied on back of better than expectations, Chinese imports and exports data and optimism that central-bank stimulus will boost profits. While trading activity was somewhat subdued, US stocks moved mostly higher over the course of the trading day on Tuesday. The gains on the day extended the upward trend that has been shown by the markets over the past few weeks. With no major economic news being released, last Friday's better than expected jobs report seems to still be on the minds of traders. Meanwhile, the European stock markets bounced back from the weakness of the previous session fueled by  earnings results from major European banks such as HSBC, Societe Generale and Commerzbank. The unexpected increase in German factory orders also contributed to the positive mood. Renewed FII inflows and positive global cues on the back of op...

Nik's Diary The Indian markets opened positive today tracking strong cues from SGX Nifty. Meanwhile, major Asian indices are trading flat except for Japan which has rallied sharply on back of upbeat U.S. jobs data and the yen's weakness against the U.S. dollar. After moving sharply higher over the course of the previous week, US stocks saw some further upside during trading on Monday. While trading activity was somewhat subdued, the markets continued to benefit from the recent upward momentum. The European markets ended modestly down on Monday, following the strong rally at the end of the previous trading week. The breakout on Friday was sparked by the better than expected U.S. jobs report for April. Trading volume was weak on Monday, due to the holiday for the U.K. market. Some weaker than expected economic data of Eurozone also dampened the mood at the start of the new trading week. However, the European Central Bank readiness to cut interest rates again if the economic ...

Nik's Diary The Indian markets opened positive today tracking strong cues from SGX Nifty. Meanwhile, major Asian indices except for Japan are trading in the green today after faster-than-forecast U.S. employment growth bolstered optimism in the world’s largest economy. The US stock markets moved sharply higher during trading on Friday with better than expected employment data generating considerable buying interest With stronger than expected job growth, the unemployment rate edged down to 7.5% in April from 7.6% in March. The gains on the day lifted the Dow and the S&P 500 to new record highs, while the Nasdaq reached a new twelve-year high. The strong performance of the U.S. markets led to surge in European markets with US jobs data overshadowing the news that the Eurozone reduced its economic outlook. Meanwhile, Indian shares fell on Friday, retracing from near 3-month highs touched a day before, after the central bank cautioned it had limited room for further monet...