Markets Trade Firm in Green

The Global Markets gives out positive clues this morning. U.S. stocks rose, sending benchmark indexes to the highest levels in a month, as surging Chinese output and a forecast for faster European growth raised confidence in the economy. Banks jumped as regulators gave firms more time than expected to meet capital requirements. European stocks climbed to a four- month high as regulators reached a compromise over new capital rules for banks and economic reports from China and Europe boosted confidence in the recovery. This morning Asian commodity stocks rose as a forecast for faster European economic growth boosted confidence in a global recovery. Japanese shares fell as a stronger yen dented prospects for export earnings. In commodities, Gold climbed as a weaker dollar boosted demand for the precious metal as an alternative asset. Copper, little changed, may decline after the metals advance by the most in two weeks deterred purchases. Oil traded near a one-month high as a forecast for faster European economic growth and a surge in Chinese industrial output signaled that demand may accelerate. The Indian markets trade on a positive note this morning. The main gainers are the IT, Auto and Teck indices trading with a gain of more than one percentage points. Market breadth is negative with 882 advances against 1,893 declines. The Sensex trades in green at 19,350.64 gaining 142.31 points or 0.74 percentage points. Nifty trades at 5786.30 gaining by 26.30 points or 0.44 percentage points.