Markets Trade in Green Above the 18000 Mark

The Global Markets gives out mixed cues this morning. U.S. stocks rose, rebounding from the markets biggest drop this month, as optimism about earnings from technology and energy companies overshadowed a drop in financial shares. European stocks dropped for a fourth day as a decline in U.S. homebuilder confidence stoked concern about the strength of the world’s largest economy. This morning Asian stocks fell, dragging the MSCI Asia Pacific Index to its lowest level in almost two weeks, after U.S. home-builder confidence dropped more than forecast, renewing concern a global economic recovery may falter. In commodities, Crude oil rose for a second day in New York as U.S. equities climbed and on optimism fuel demand will increase. Gold prices, little changed, may decline for a fifth session as concerns that the global economic recovery may be slowing damped demand for the metal used in industrial goods as well as jewellery. Copper prices rose from the lowest level in almost two weeks after inventories dropped for the 22nd straight session, matching this year’s longest slump. The Indian Markets trade on a positive note this morning with all the broader indices and almost all the sectoral indices trade in green this morning with the only exception being the Healthcare indices trading flat on a negative note. The main gainers this morning are the realty and Metal indices gaining more than one percentage points this morning. Market breadth is positive with 1,733 advances against 861 declines. The Sensex trades in green at 18,002.83 gaining 74.41 points or 0.42 percentage points. Nifty trades at 5404.35 gaining by 17.90 points or 0.33 percentage points.