NDPMS Wealth Management

Nik's Diary The Indian market opened marginally in the green tracing positive opening trades in the SGX Nifty and most of the Asian indices. The US markets moved notably higher over the course of the trading day on Friday. The markets benefited from a positive reaction to the latest batch of earnings news, which overshadowed a disappointing housing report. Major European bourses ended the trading session on Friday in positive territory. The stronger than expected increase in German business sentiment and the news regarding bank repayment of LTROs were viewed positively. Comments from ECB President Mario Draghi also provided a boost to investor sentiment. The markets were largely able to shrug off the higher than expected decline in British GDP. Meanwhile, the Indian markets rallied on Friday on growing hopes of at least 25 basis points cut in policy rates by the RBI in its upcoming monetary policy review on Tuesday. Reports that the RBI may issue final guidelines for new bank...

Nik's Diary The Indian market opened with a positive bias mirroring positive start to SGX Nifty and most Asian indices. On the economic front, consumer prices in Japan declined for the seventh time in eight months, to 0.2% (ex. fresh food) in December 2012 as against inflation target of 2% by Bank of Japan (BoJ). This has raised hopes amongst investors of a stimulus package by the BoJ. The US stocks ended on a mixed note on Thursday after markets remained volatile throughout the trading session. While upbeat jobs data and earnings news cheered the traders; disappointing quarterly results from technology giant Apple weighed on trader sentiments. Apple reported better-than-expected first quarter earnings but weaker-than-expected sales as iPhone sales missed expectations. On the economic front, data from the Labor Department surprised positively as initial jobless claims dipped to 330,000 from the previous week's unrevised figure of 335,000.  Meanwhile, the Indian markets fe...

Nik's Diary The Indian market is expected to open flat mirroring similar opening in SGX Nifty and most other Asian market. The US markets saw modest strength during trading on Wednesday with traders reacting positively to the latest batch of earnings news. The gains on the day extended a recent upward move by the  markets, although buying interest was somewhat subdued. The markets also benefited from positive sentiment generated by news that the House voted to approve a bill that would temporarily suspend the U.S. debt limit for nearly four months. The major European markets also ended the day mixed, while many investors were hesitant to take a position ahead of the vote to pass a short-term debt ceiling increase in the U.S. House of Representatives. The Indian markets erased early losses to end modestly higher on Wednesday, mirroring firm European cues. Going ahead investors would be watchful of the earnings data and reports on weekly jobless claims, leading economic indicat...

Nik's Diary The Indian market opened flat to positive mirroring similar opening in SGX Nifty. The US markets moved higher over the course of the trading day on Tuesday, on the back of a positive reaction to the latest earnings news, although buying interest was somewhat subdued. The major European markets ended the day in the red on Tuesday for a third consecutive session  after the Bank of Japan disappointed investors hoping for a bolder policy by introducing a 2% inflation target and announced additional easing steps; but investors appeared somewhat disappointed that additional asset buying will not start until 2014. However, the stronger than expected German economic sentiment helped to curb market losses. The Indian markets snapped three days of gains on Tuesday, weighed down by weak European cues as investors waited for key US earnings and housing data for directional cues. Going ahead investors would be watchful of the earnings data coupled with reports on weekly jobles...

Nik's Diary The Indian market opened flat to negative mirroring similar opening in SGX Nifty and most other Asian markets as investors await the outcome of the Bank of Japan’s policy meeting scheduled today. The  US  markets  were  closed  on  Monday  due  to  the  Martin  Luther  King  Day. Meanwhile, European stocks ended on a positive note taking cue from the strong closing to US indices last week and encouraging comments from the German Bundesbank. The bank said in its monthly review that the prospects for the German economy have improved, as companies’ expectations have brightened. Nonetheless, the central bank slashed its forecast for German economy in 2013 to 0.4% from 1.6% earlier and warned that the economy could sink into recession in the winter months. The Indian markets ended higher for a third consecutive session with yesterday’s close. Sentiments remained mildly positive after global ratings agency Mood...

Nik's Diary The Indian market opened in the green mirroring positive start to the  SGX Nifty.  The US markets ended Friday's trading mostly higher after showing a lack of  direction for much of the session. The markets benefited from the late-day buying  partly due to a positive reaction to the latest news about the impending showdown  over the U.S. debt limit. The House Republican leaders indicated they will hold a  vote to authorize a three month temporary  debt limit increase to give lawmakers  time to pass a budget that reduces spending. The choppy trading seen earlier in  the day reflected a mixed reaction to the latest earnings news, with upbeat results  from Morgan Stanley and General Electric offset by disappointing results from Intel.  Indian markets fell sharply on Friday, with a correction in rate-sensitives including  auto, banking and realty. Going ahead investors would be watchful of the earnings  data ...