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...

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...