Markets Trade on a Positive Note

The Global Markets gives out mixed clues this morning. U.S. stocks declined, preventing the third straight monthly advance for the Standard & Poor’s 500 Index, amid concern that Europe’s government debt crisis will worsen and as Google Inc. faced an antitrust probe. Most European stocks declined as the regions debt crisis intensified and a report showed U.S. home prices rose less than forecast in September. This morning Asian stocks fluctuated as exporters rose after confidence among U.S. consumers increased to the highest level in five months in November, countering concerns Europe’s debt crisis is worsening. In commodities, Oil traded near $84 a barrel in New York after falling amid concern Europe’s debt crisis may crimp economic growth and demand for fuel. Gold advanced for a third day on concern that the European debt crisis may escalate, increasing demand for haven investments. The price of the precious metal in euro’s gained to a record. Copper futures rose to a one-week high on renewed speculation that global use will outpace production. The Indian markets trade in green this morning after witnessing a subdued start in the morning gaining its strength as the day progressed. The main gainers this morning are the Realty and Metal indices trading the day with a gain of more than two percentage points. Market breadth is positive with 2,057 advances against 395 declines. The Sensex trades in green at 19,690.46 gaining 169.21 points or 0.87 percentage points. Nifty trades at 5911.55 gaining by 48.85 points or 0.83 percentage points.