Markets Trade on a Flat Note

The Global Markets trade in a positive territory this morning. U.S. stocks rose, sending the Dow Jones Industrial Average up for a sixth straight day, as takeover announcements bolstered investors’ optimism. European stocks climbed to their highest level since September 2008 as investors speculated that the recovery in the global economy is strengthening. This morning Asian stocks rose after companies reported improving earnings and as U.S. takeovers boosted optimism that the nation’s economy is gathering strength. In commodities, Oil traded near the lowest in more than a week as tensions in Egypt eased and rising stockpiles in the U.S. signaled fuel demand may be faltering in the world’s biggest crude consumer. Gold, little changed, may decline as the strengthening global economic recovery outweighs concerns over unrest in North Africa and the Middle East. Copper in London and New York dropped from records before data this week that may show imports by China, the world’s biggest buyer, declined last month amid ample domestic stockpiles. Markets opened on a tepid note following cues from global peers. The Sensex trades at 18020 down by 6 points.  Nifty trades flat at 5,395.