Markets Trade in Green on a Muted Note

The Global Markets gives out negative clues this morning. U.S. stocks tumbled, snapping five-day gain for the Standard & Poor’s 500 Index, as investors speculated that the Federal Reserves efforts to shore up the economy will be gradual. European stocks sank as results at companies from SAP AG to Heineken NV missed estimates and investors speculated whether the Federal Reserve will announce sufficient measures next week to keep the recovery on track. This morning Asian stocks rose for the first time in three days as Australia & New Zealand Banking Group Ltd. Led gains among the banks after the lender reported higher profit. In commodities, Crude oil traded near $82 a barrel in New York as a weakening dollar boosted investor demand for raw materials. Gold gained as the dollar declined for the first day in three, increasing demand for the precious metal as a haven against weakening currencies. Copper rebounded from a two-day drop as the dollar resumed a decline, and on concern that there may be supply disruptions at the worlds fourth largest mine. Markets make a muted opening on account of future and options expiry today and weak global cues. The main gainers this morning are the Teck, IT and Auto indices. Market breadth is positive with 1,349 advances against 1,091 declines. The Sensex trades in green at 20,032.46 gaining 27.09 points or 0.14 percentage points. Nifty trades at 6020.90 gaining by 8.25 points or 0.14 percentage points.