NDPMS Wealth Management

Nik's Diary The Indian markets opened in the red following negative opening trades in the SGX Nifty and across major Asian bourses.The US markets continued to experience volatility over the course of the trading session on Thursday before ending the day mostly higher. The volatility was due to uncertainty ahead of the release of the Labor Department's monthly jobs report on Friday. The report could have a substantial impact on the near-term outlook for both the economy and the Federal Reserve's stimulus program as Fed officials have suggested that signs of sustained improvement in the labor market could lead the central bank to scale back its asset purchase program within the next few meetings. Meanwhile, the European markets finished to the downside on Thursday, after the ECB and BoE left their respective interest rates unchanged. Indian markets edged lower on Thursday, mirroring weak global cues as investors were reluctant to make big bets ahead of Friday's al...

Nik's Diary The Indian markets opened on o negative note tracking weak cues from SGX Nifty and most of the Asian indices on concerns that the Federal Reserve will scale back stimulus efforts as the U.S. economy improves. The US markets experienced continued volatility over the course of the trading session on Tuesday before ending the day mostly lower. The lower close on Wall Street came as traders continued to express concerns about the timing of the Fed's plan to scale back its stimulus program. The markets were concerned after recent comments from some Fed officials that the central bank may taper the program within the next meetings. While traders largely shrugged off a report on the US trade deficit, anxiety ahead of the release of some more closely watched data later in the week generated some negative sentiment.Meanwhile, Indian shares erased early gains to end modestly lower on Tuesday, with strength in the rupee and renewe...

Nik's Diary The Indian markets opened in the red tracking negative cues from the SGX Nifty and mixed opening in Asian markets.US markets ended Monday's trading mostly higher, although stocks fluctuated over the course of the trading day due to mixed reaction to a pair of disappointing economic reports. The fluctuations seen over the course of the session came as the disappointing manufacturing data raised concerns about the economic outlook but also eased worries about outlook for the Federal Reserve's asset purchase program. The Fed has indicated that it will not start scaling back its stimulus program until the data points to sustained economic growth and improvement in the labor market. Meanwhile, the European markets fell on Monday after manufacturing data from China and the United States came in weaker than anticipated. However, manufacturing data from Europe was better than expected. Meanwhile, Indian shares ended lower weighed down by weak global cues and disap...

Nik's Diary The Indian markets opened in the red today tracking negative opening trades in the SGX Nifty and most of Asian markets. Asian markets are trading lower, after improving U.S. economic data added to concern the Federal Reserve will scale back its stimulus. US markets moved sharply lower in the latter part of the trading day on Friday. The sell-off seen in late-day trading came as a pair of economic reports added to recent concerns that the Federal Reserve could scale back its stimulus program within the next few meetings. Major European markets too ended in negative territory on Friday, due to some weaker than expected economic data from Europe. Eurozone unemployment rate climbed to a new record high, while German retail sales unexpectedly fell. Meanwhile, Indian markets fell sharply on Friday, as RBI Governor’s hawkish comments on inflation, current account deficit and commodity price movements dented hopes for an interest-rate cut at the RBI’s June 17 policy mee...