Markets Trade Flat In Green

The Global Markets gives out positive clues this morning. U.S. stocks rose, sending benchmark indexes higher for a second day, as better than- estimated earnings from EBay Inc. to McDonald’s Corp. and a drop in jobless claims helped offset a slump in financial companies amid speculation that banks face more losses from bad mortgages. This morning Asian stocks rose as higher-than- estimated U.S. company earnings and a drop in jobless claims boosted confidence in a global economic recovery. European stocks climbed, driving the Stoxx Europe 600 Index to its highest close in six months, after results from Nokia Oyj to Danone and Fiat SpA topped estimates. In commodities, Crude oil climbed in New York after reports showed U.S. jobless claims fell and oil output for September increased in China, the world’s biggest energy user. Gold headed for its first weekly decline in six as a rebound in the dollar eroded the metal’s appeal as a haven against debasement of the U.S. currency. Copper headed for the first weekly drop in six weeks as the dollars rebound damped the appeal of commodities as alternative investments. The Indian markets trade in green this morning. The main gainers this morning are the IT, Teck and Consumer Durables indices trading in green this morning gaining more than one percentage points. Market breadth is positive with 1,707 advances against 1,069 declines. The Sensex trades in green at 20,308.39 gaining 47.81 points or 0.24 percentage points. Nifty trades at 6107.75 gaining by 6.25 points or 0.10 percentage points.