Markets Witness Lacklustre Trade This Morning

The Global Markets gives out mixed cues this morning. U.S. stocks fell, with a late-day rally failing to erase losses, after the Federal Reserves plan to purchase Treasury securities wasn’t enough to overcome concern the recovery is faltering. European stocks fell from a 15-week high after reports added to evidence that Chinese economic growth is slowing and as investors awaited the Federal Reserves latest policy statement. Asian stocks dropped, pushing the MSCI Asia Pacific Index down for a third day, as a Japanese machinery-orders report missed estimates and Commonwealth Bank of Australia said business slowed. In commodities, Crude oil was little changed near the lowest in seven days after the Labor Department reported the productivity of U.S. workers fell in the second quarter, a sign the worlds largest economy is struggling to sustain a recovery. Gold may decline as the dollar advanced against higher yielding currencies, regaining ground lost after the Federal Reserve said it would buy more bonds. Copper rebounded from the biggest drop more than three weeks as the decline encouraged purchases, offsetting concerns that the U.S. economic recovery is faltering. The Indian markets trade on a flat note as they witness lacklustre trade this morning. Auto and Consumer Durables indices are the main gainers this morning trading high gaining more than half percentage points. Market breadth is positive with 1,551 advances against 863 declines. The Sensex trades in red at 18,206.11 declining 13.88 points or 0.08 percentage points. Nifty trades at 5460.50 declining by 0.30 points or 0.01 percentage points.