NDPMS Wealth Management

Nik's Diary The Indian markets opened flat today with a positive bias tracking positive opening in SGX Nifty which is trading higher by 0.4%. Most of the Asian markets too are trading in the green. US markets saw modest strength earlier in the session, however, came under pressure towards the close on Thursday. Investors were disappointed by the larger than expected increase in U.S. weekly jobless claims, the drop in U.S. housing  starts and the weak Philly Fed data. The major indices ended the day in negative pulling back off the record highs. Meanwhile, European markets too finished in negative following the sharp rise of the previous two trading sessions. Some of the day's losses were attributed to profit booking, following the strong gains in recent days.Meanwhile Indian markets ended higher for a third straight day in a row on Thursday. Key Benchmark indices closed higher by 0.2% after remaining volatile during the day. The markets which rose higher in the morning tr...

Nik's Diary The Indian markets opened flat today with a negative bias tracking marginally negative opening in SGX Nifty which is trading lower by 0.1%. Most of the Asian markets too are trading in the red.US market saw some volatility on Wednesday but extended the recent upward move by reaching new record highs and ended the day in positive. The better than expected housing data offset negative sentiment generated by a separate report from the Federal Reserve showing a bigger than expected drop in industrial production in April. Thursday’s trading could be impacted by another slew of U.S. economic data, including reports on weekly jobless claims, housing starts, and Philadelphia-area manufacturing activity along with the news on corporate  earnings. Meanwhile, a similar trend was seen in the European markets despite weak GDP reports from Germany, France and the Eurozone. Traders also welcomed the news that the Bank of England raised its economic growth forecast.Indian marke...

Nik's Diary The Indian markets openED flat today with a positive bias tracking positive opening in SGX Nifty which is trading higher by 0.45%. Most of the Asian markets too are trading in the green. The US stocks, extending the upward trend seen over the past month, moved notably higher on Tuesday despite negative sentiment generated by the news that JP Morgan (JPM) lowering its growth outlook for the Chinese economy. The gains lifted the Dow and the S&P 500 to new record highs, while the Nasdaq set another new twelve-year high. Meanwhile, the European markets were weak in early trade Tuesday, largely due to the smaller than anticipated increase in German investor confidence. However, the markets reversed direction after investors were encouraged by the positive performance of the U.S. markets. Indian markets posted modest gains on Tuesday after government data showed India's headline inflation slowed for a third straight month in April, allowing room for the RBI to ...

Nik's Diary The Indian markets opened flat today with a positive bias tracking positive opening in SGX Nifty which is trading higher by 0.24%. Most of the Asian markets too are trading in the green. US markets showed a lack of direction on Monday after moving modestly lower in early trading. Upbeat retail sales data released by the commerce department helped to limit the early downside. The Commerce Department said retail sales inched up by 0.1% in April following a revised 0.5% decrease in March. The modest increase in retail sales surprised economists, who had expected it to dip by 0.3%. The European markets which got off to a weak start to the new trading week, due to the weaker than expected Chinese industrial production data, pared their losses in the afternoon, following the better than expected U.S. retail sales report.Meanwhile India’s key benchmark indices slumped after the latest data released by Commerce Ministry showed that the country's trade deficit widened i...

Nik's Diary The Indian markets open flat with a positive bias tracking marginally positive opening in SGX Nifty, which is higher by 0.2%. US markets moved mostly higher on Friday, despite a relatively quiet day in terms of news. The gains on the day, resulted in the Dow and the S&P 500 reaching new record closing highs, while the Nasdaq rose to another twelve-year high. European markets too rose on Friday after companies like ArcelorMittal and BT Group Plc reported better than expected results and data showed German exports recovered as expected in March, boosting hopes of economic revival. Meanwhile positive global cues and better-than-expected IIP numbers helped Indian shares end notably higher on Friday. The BSE Sensex and NSE Nifty rose by 0.7% each after government data showed India's industrial output grew by 2.5% in March compared to a contraction of 2.8% in the year-ago period. Markets were flat on the special trading session held by exchanges on Saturday dur...