NDPMS Wealth Management

Nik's Diary The Indian markets opened in green tracking marginally positive opening in most of the Asian markets, as indications that the Federal Reserve Bank wasn’t close to slowing its asset purchases lifted investor sentiment. US markets ended modestly higher in yesterday’s trading session, after comments from two Federal Reserve officials suggested that the central bank is not close to tapering its bond-buying program. St. Louis Fed President said that the central bank should continue with its present bond-buying program and adjust the rate of purchases in view of incoming data on growth and inflation. The Fed’s US$85bn a month asset-purchase program aims to boost economic growth and lower the jobless rate. The program has buoyed the stock market and its end - if not properly managed - may hurt sentiment among equity investors, potentially triggering a correction in the market.Meanwhile Indian markets ended a choppy session notably lower on Tuesday, mirroring weak global c...

Nik's Diary The Indian markets opened flat tracking flat to negative opening in most of the Asian markets, tracking a lackluster trading session at global indices yesterday and caution over US monetary-policy stance may lead investors to take profits.US markets ended modestly lower in yesterday’s trading session as recent comments from some Fed officials have suggested that the central may taper its asset purchase program sooner than previously anticipated, although that has not stopped traders from continuing to buy stocks. Later in the week, trading is likely to be impacted by the release of key reports on new and existing home sales, weekly jobless claims, and durable goods orders.Meanwhile Indian markets reversed direction to end modestly lower on Monday. The dominating factor at the moment is the strengthening of the US dollar (with the rupee trading weak close to 55 levels ) as signs of an improving US economy led to speculation that the Federal Reserve may be close to ...

Nik's Diary The Indian markets open in green tracking positive opening in most of the Asian markets, tracking a positive global lead after US indices notched another record finish on Friday. US markets moved sharply higher over the course of the trading day on Friday, benefiting from some upbeat US economic data as well as comments from a Federal Reserve official. Thomson Reuters and the University of Michigan reported that the preliminary reading on their consumer sentiment index for May came in at 83.7 compared to the final April reading of 76.4, which is the highest level since July of 2007. A separate report from the Conference Board showed that its economic index rose by 0.6% in April following a revised 0.2% decrease in March.  Meanwhile Indian markets rose for a fourth straight session on Friday, driven by renewed FII buying, with power, capital goods and realty stocks led the gainers, while consumer durable, healthcare, metal and oil/gas stocks ended on a downbeat not...