NDPMS Wealth Management

Nik's Diary The Indian markets opened flat mirroring flat opening trades in the SGX Nifty and mixed opening across major Asian bourses. The US markets moved mostly higher during trading on Thursday after ending the previous session roughly flat. The markets benefited from a positive reaction to the latest earnings news as well as some upbeat employment data. The Labor Department report showed that initial jobless claims fell to 339,000, a decrease of 16,000 from the previous week's revised figure of 355,000. Meanwhile, the European markets extended their recent upward trend to a fifth consecutive session on Thursday on expectations of rate cut by the ECB at their upcoming meeting next week. The better than expected British GDP result and the bigger than expected decline in U.S. jobless claims also contributed to the positive mood. Meanwhile, Indian markets edged sharply higher to a six-week high on Thursday, primarily lifted by aggressive buying in rate-sensitive stocks on...

Nik's Diary The Indian markets opened flat mirroring flat opening trades in the SGX Nifty and mixed opening across major Asian bourses. The US markets, after moving mostly higher over the course of the three previous sessions, showed a lack of direction throughout the trading session on Wednesday. The lackluster performance came as traders remained uncertain about the nearterm outlook for the markets. Meanwhile, the European markets extended their recent gains to a fourth consecutive session on Wednesday. The larger than expected decrease in German business confidence added to speculation that the ECB might cut rates in its upcoming meeting scheduled next week on Thursday. Meanwhile, Indian markets were closed yesterday on account of a holiday. On Tuesday, Indian markets reversed early losses to end largely unchanged ahead of the F&O expiry slated for Thursday. The Indian economy has bottomed out and growth will pick up to 6.4% in the current fiscal, PMEAC Chairman Rangara...

Nik's Diary The Indian markets opened flat to positive tracking flat opening in SGX Nifty and of major Asian markets. The US markets moved mostly higher over the course of the trading day on Monday, partly offsetting the steep losses that were posted last week. The upward move on the day reflected strong gains by technology and resource stocks. The major averages all ended the day in positive territory, although the Dow under performed its counterparts. The European markets pared their gains in late trade Monday, but still largely finished to the upside. The markets were positive in early trade, on the news that Italy's parliament re-elected President Giorgio Napolitano for a second term on Saturday. Meanwhile, Indian markets ended at a one month high. Continued expectations of a cut in key interest rates by the RBI helped to keep investor sentiments buoyant on Monday. With inflationary pressures easing and the rupee remaining more or less stable, most analysts expect th...

Nik's Diary The Indian markets opened in the red, tracking negative opening in most of the Asian markets as fears about the strength of the Chinese economy prevailed and a steep fall in commodity prices prompted the worst sell-off in five months on Wall Street. The US markets ended modestly lower on Monday as disappointing economic data from the US and China weighed on investor sentiment along with news of two explosions at the Boston marathon. China’s first quarter GDP came in at 7.7% against 7.9% growth in the fourth quarter. Also, the New York Federal Reserve released a report showing that its index of regional manufacturing activity fell to 3.1 in April from 9.2 in March. Additionally, the National Association of Home Builders released a report showing an unexpected drop in homebuilder confidence as the NAHB/Wells Fargo Housing Market Index fell for the third straight month, dropping to 42 in April from 44 in March. Meanwhile, Indian markets rose on Monday, as soft inflati...

Nik's Diary The Indian markets opened in the red, tracking negative opening in most of the Asian markets as a sharp rebound in the yen, a commodity-price slump and caution ahead of a slew of Chinese economic data pulled investors to the sidelines. Chinese economic data came in weaker than expected, as the first quarter GDP came in at 7.7% against 7.9% growth in the fourth quarter. Also, China’s industrial production for March came at 8.9% yoy vs an estimate of 10%. The US markets ended modestly lower on Friday following weak March retail sales and consumer sentiment data. The Commerce Department released a report showing that retail sales fell by 0.4% in March after surging up by a revised 1.0% in February. Adding to the negative sentiment, Reuters and the University of Michigan released a report showing an unexpected deterioration in consumer sentiment in the month of April with the consumer sentiment index falling to 72.3 from 78.6 in March.Meanwhile, Indian markets snapp...

Nik's Diary The Indian markets opened in the green mirroring a positive opening in SGX Nifty, which is trading higher by 0.7%. Most of the Asian markets too are trading in the green, gaining by around 0.3%-1%. The US markets rose for the third consecutive day in a row buoyed by positive news flows arising from China and within the country. A report from Chinese Customs department showed that the country’s imports rose 14.1% in March and was more than double the estimated rate of growth. Higher than estimated rate of growth generated optimism about domestic demand in China. US markets were also boosted by minutes of the latest Federal Reserve meeting which indicated that the central bank will maintain its asset purchase program at the current pace until at least the middle of the year. Meanwhile, Indian markets snapped the five-day losing streak buoyed by gains in Asian as well as European markets and strengthening of Indian Rupee. The  4QFY2013 results season is scheduled to b...

Nik's Diary The Indian markets opened in the green mirroring a positive opening in SGX Nifty, which is trading higher by 0.4%. Asian markets are trading mixed with the Hang Seng, Nikkei and Seoul Composite higher by 0.4% to 0.7%, while the Strait Times and Jakarta Composite are lower by 0.2% each. The US markets, after remaining directionless in early trade, rose higher during the course of the day, yesterday. The positive performance of the markets was partly due to tame inflation reported by China, which eased concerns that the People's Bank of China might tighten its monetary policy. US markets didn’t react much to the report released by commerce department which indicated that wholesale inventories unexpectedly dipped by 0.3% in February, although wholesale sales jumped 1.7%. The European markets ended Tuesday's trading session with mixed results after trading positively in the opening trade. Meanwhile, Indian markets posted losses for the fifth consecutive tradi...