Markets Trade at Day's High

The Global Markets gives out positive cues this morning. U.S. stocks rose, snapping three weeks of declines, as better-than-estimated growth in private employment and manufacturing raised optimism the economy will avoid a recession. European stocks posted the biggest weekly gain since July as reports from the U.S. and China reassured investors that the economic recovery is not faltering and takeover speculation increased. This Morning Asian stocks rose, driving the MSCI Asia Pacific Index to the highest level in four weeks, as better-than-estimated jobs data in the U.S. eased concern that global economic growth is faltering. In commodities, Oil declined for a second day after service industries grew in August at the weakest pace in seven months, signaling that the U.S. economic rebound may slow. Gold, little changed, may gain as the dollar weakens, boosting demand for the metal as an alternative asset. Copper advanced for a fourth day to near a four-month high after U.S. employers added more jobs than estimated, inventories shrank and the dollar weakened. The Indian markets trade on a positive note this morning taking favorable cues from its global peers. All the sectoral indices trade in green this morning, the main gainers are the Metal, Realty, Auto and IT indices gaining more than one percentage points. Market breadth is positive with 2,112 advances against 547 declines. The Sensex trades in green at 18,379.58 gaining 158.15 points or 0.87 percentage points. Nifty trades at 5527.20 gaining by 47.80 points or 0.87 percentage points.