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...

Nik's Diary The Indian markets opened flat today tracing flattish opening trades in SGX Nifty and most of the Asian markets After showing a lack of direction throughout much of the session, US stocks ended Thursday's trading session mostly lower. The weakness seen at the close of trading on Wall Street was partly due to profit taking, as some traders cashed in on the recent strength in the markets. Nonetheless, selling pressure remained relatively subdued, limiting the downside for the markets, partially due to the release of a report from the Labor Department showing that initial jobless claims unexpectedly fell to a new five-year low in the week ended May 4th. Although the European markets got off to a weak start on Thursday's trading session, markets pared their early losses and ended in positive territory after better than expected U.S. weekly jobless data and Bank of England maintaining its interest rate. Meanwhile, Indian shares fell on Thursday, as investors ado...

Nik's Diary The Indian markets opened positive today tracking strong cues from SGX Nifty. Meanwhile, the major Asian markets are up in early trading except for Hang Seng. After recovering from an early move to the downside, US stocks moved mostly higher over the course of the trading day on Wednesday. The markets extended the upward trend that has been seen since a brief pullback in mid-April. With the gains on the day, the Dow and the S&P 500 reached new record closing highs, while the Nasdaq set another new twelve-year high. The European markets also moved higher on Wednesday, extending gains from the previous trading session. The markets got off to a positive start thanks to the better than expected trade data released by China. The unexpected increase in Germany industrial production, coupled with yesterday's factory orders growth, also provided a boost to investor sentiment. Meanwhile, Indian shares continued to rise Wednesday to close at 3 month highs with the B...