NDPMS Wealth Management

NEW DELHI: Farm equipment maker Escorts Ltd today reported 3.84 per cent decline in its total tractor sales at 3,852 units in December 2013.  The company had sold 4,006 units of tractors in December 2012, Escorts Ltd said in a statement.  Domestic tractor sales stood at 3,809 units during the month as against 3,988 units in December 2012, down 4.48 per cent.  Exports jumped by over two-fold to 43 units in December 2013 as compared to 18 units in the same month previous year, it added.  Source: Economic Times

As the finance expert from the Oxford University,  Tarun Ramadorai  has found an ideal platform in the Indian stock market to study behavioural pattern of individual investors in emerging markets. Having co-authored the study 'Getting Better: Learning to Invest in an Emerging Stock Market' with John Campbell and Benjamin Ranish, the Professor of Financial Economics, Said Business School, University of Oxford was on a visit to India to speak on the same at the International Finance Conference held at the IIM Ahmedabad. In an interview with  Vinay Umarji  on sidelines of the conference, Ramadorai talks about how individual investors are increasingly opting for delegation of their investment instead of directly investing in stocks and advises investors to avoid trading too much as well as hold diversified portfolio for better returns in the long run.  Excerpts: What has been your observation regarding the trend of retail investors in ...

Key highlights  The Wholesale Price Index (WPI) based inflation surprised negatively during November 2013 by coming in at 7.52% higher than market expectations of 7.00%.   The headline print edged higher as compared to inflation hovering at about 7.00% in three preceding months and 7.24% in November 2012.   During the month, inflation across major components – primary articles, fuel and power and manufactured products has witnessed an uptick as compared to that in the previous month.   Food inflation persisted at an uncomfortably high level of 19.93%, a 41-month high owing to elevated vegetable prices for the fifth straight month.   Inflation for September 2013 has been revised higher to 7.05% from 6.46% reported earlier on upward revision across the major components.   We expect the RBI to hike its policy rate by 25bp in the upcoming policy review on December 18 in light of its continued fo...

NEW DELHI: Sharply higher food prices drove India's annual consumer price inflation to a higher-than-expected 11.24 per cent in November from 10.17 per cent in October, government data showed on Thursday.  Economists in a Reuters poll had estimated consumer inflation for the month to ease to 10 per cent.  Food prices for consumers last month rose 14.72 per cent from a year earlier, faster than a provisional 12.56 per cent annual rise in October.  Source: EconomicTimes

According to provisional data released by the commerce ministry, the trade deficit for November 2013 has narrowed to USD9.2bn as against USD10.6bn in the previous month and USD17.2bn in November 2012 mainly on account of a sharp decline in imports. Imports reported a contraction of 16.4% during November 2013 as against 14.5% in the previous month and growth of 3.5% in November 2012. However, the momentum of strong export performance witnessed over the past four months slowed in November 2013, with export growth at 5.9% as compared to 13.5% in October 2013. The decline in imports for the sixth consecutive month can be attributed to the steep contraction in non-oil imports due to restrictions on gold imports as well as the impact of weak domestic demand in the economy. Non oil imports reported de-growth of 23.7% as compared to 22.8% in the previous month and oil imports came in lower by 1.1% as compared to growth of 1.7% in the ...