US markets surge for a third day to record high

11 Apr 2013 Evaluate

The US markets rose for a third straight day on Wednesday, with the Dow Jones Industrial Average and S&P 500 index having their best sessions in six weeks. The minutes from the Federal Reserve’s March meeting had several Fed officials saying that central bank should taper its bond purchases later in the year and halt it altogether by year-end if the labor market improves. The meeting however came before a government report last week which stated that US payrolls in March expanded at their slowest pace in nine months, a dismal read that could affect future Fed moves. The Federal Reserve officials remained divided over how long they should keep buying bonds, as the central bank remains in the grip of a debate over how the US economy can fare without its extraordinary stimulus. The minutes of the March 19-20 meeting showed a wealth of opinion, from the one member who wanted to slow bond purchases immediately to a few who suggest more bond purchases may have to be made should the economy strengthen.

Meanwhile, the US budget deficit improved markedly in March, a sign that the deficit is on course to fall below $1 trillion for the first time in five years. The US government ran a budget deficit of $106.5 million in March, the Treasury Department stated. This is almost 50% below the deficit of $198.2 billion in March 2012. For the fiscal year to date, the deficit of $600 billion is 23% lower than in the first six months of the prior fiscal year. The monthly figures arrive as outside experts are concerned that fiscal policy is slowing the economy, at least in the near term. International Monetary Fund Chief Christine Lagarde earlier stated that she was concerned US budget cuts have been too aggressive in the short term and too timid in the medium term.

The Dow Jones Industrial Average gained 128.78 points or 0.88 percent to 14,802.20, the S&P 500 added 19.12 points or 1.22 percent to 1,587.73 and the Nasdaq edged higher 59.40 points or 1.83 percent to 3,297.25.

The Indian ADRs closed in green on Wednesday, ICICI Bank was up 2.12%, HDFC Bank was up by 1.62%, Infosys was up 1.52%, Tata Motors was up 1.29% and Wipro was up 0.44%.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
Technology + Human Intelligence.
We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
Partner with Clients.
We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.