Markets Trade in Green

The Global Markets trade in a positive territory this morning. U.S. stocks advanced, extending a third straight monthly gain for benchmark indexes, amid improving economic data and billionaire investor Warren Buffetts desire to make more acquisitions. European stocks gained after the biggest weekly drop since July pushed the benchmark Stoxx Europe 600 Index to its cheapest valuation in almost two years. This morning Asian stocks rose, driving a regional benchmark index up for the third day as falling oil prices and U.S. data showing higher personal incomes boosted confidence in global economic growth prospects. In commodities, Oil traded near a one-week low in New York after Saudi Arabia offered to make up for supplies lost because of unrest in Libya, which the worlds biggest shipbroker said is still exporting crude. Gold may advance, extending the best monthly gain in 10, as violence in Libya and other states in the Middle East spurs investor demand for precious metals as a store of value. Copper declined for the first time in four days in London and New York on concern demand in China, the largest user, may not be as robust as estimated as physical buyers hold off purchases in anticipation of lower prices. Indian Markets opened firm on back of firm cues from Asia and after Budget 2011-12 betted on brisk growth. The Sensex was up 337 points, at 18,160 and the Nifty advanced 105 points, at 5438. BSE Realty index continued to lead the gains for the second straight session, up 1.7% after government announced a numbers of sops in Budget 2011-12 which would give fillip to the sector. Unitech was up 2.1%, DB Realty surged 2.1% and DLF was up 1.9%.