Markets Trade in Green on Positive Global Cues

The Global Markets gives out positive clues this morning. U.S. stocks advanced, with benchmark indexes rallying the most in two weeks, on higher-than-estimated results at Boeing Co. and Yahoo! Inc. and speculation the Federal Reserve will inject more money into the economy. European stocks advanced as companies from PSA Peugeot Citroen to BASF SE reported earnings that beat analysts estimates, offsetting declines in Home Retail Group Plc and Stada Arzneimittel AG. This morning Asian stocks dropped for a fifth day, led by financial companies on speculation bank regulations will be tightened and as China reported economic data including gross domestic product and inflation. In commodities, Oil for December traded near $82 a barrel in New York after the November contract rose the most in five weeks yesterday as the dollar fell and crude U.S. Copper, trading little changed, may decline as China’s economy grew at the slowest pace in a year in the third quarter and as the dollar rebounded. The Indian markets trade in green this morning taking cues from its global peers. The main gainers are the Oil & Gas and Healthcare indices. Market breadth is positive with 1,768 advances against 752 declines. The Sensex trades in green at 19,975.39 gaining 103.24 points or 0.52 percentage points. Nifty trades at 6008.90 gaining by 26.80 points or 0.45 percentage points.