Markets Trade at Day's High

The Global markets give out positive cues this morning. This morning Asian stocks rose, with the MSCI Asia Pacific Index rebounding from the worst monthly performance since May, after China’s manufacturing expanded at a faster pace and Australia’s economy grew more than economists estimated. In commodities, Gold, little changed, may decline as a rally to a two-month high prompts some investors to sell. Gold for immediate delivery traded at $1,246.30 an ounce at 11:42 a.m. Tokyo time after climbing as high as $1,250.03 yesterday, the highest price since June 28. December-delivery futures dropped 0.2 percent to $1,248 an ounce on the Comex in New York. The Indian markets taking cues from its global peers trade on a positive note this morning. All the sectoral indices trade in green this morning. The main gainers are the Consumer Durables, Metal and Realty indices gaining more than one percentage points. Market breadth is positive with 2,049 advances against 537 declines. The Sensex trades in green at 18,113.07 gaining 141.95 points or 0.79 percentage points. Nifty trades at 5438.70 gaining by 36.30 points or 0.67 percentage points.