Markets Slid to Trade in Red this Morning

The Global Markets gives out mixed cues this morning. U.S. stocks fell, ending a two-day rally, after Federal Reserve Chairman Ben S. Bernanke said the economic outlook remains unusually uncertain without offering additional measures to stimulate growth. European stocks climbed the most in a week as companies from Apple Inc. to Fiat SpA and Accor SA reported better-than-estimated results and Reckitt Benckiser Group Plc agreed to buy SSL International Plc. This morning most Asian stocks fell after Federal Reserve Chairman Ben S. Bernanke said the U.S. economic outlook remains unusually uncertain. Utilities advanced. In commodities Oil was little changed after falling because of an unexpected increase in U.S. stockpiles and as Federal Reserve Chairman Ben S. Bernanke said the economic outlook remains unusually uncertain. Gold, trading little changed in Asia, may gain as investors buy the metal to try to protect their wealth from the prospect of slower economic growth and the possibility of declining prices of other assets. Copper declined for the first time in four days in Asia as some investors deemed the climb to a seven-week high as excessive amid concerns that the economic recovery may falter. The Indian markets trade on a soft note this morning to trade in red. Realty and IT indices witness some selling pressure this morning as they trade on the negative note. Consumer Durables and FMCG indices trade in green this morning. Market breadth is negative with 1,261 advances against 1,275 declines. The Sensex trades in red at 17,885.25 declining 91.98 points or 0.51 percentage points. Nifty trades at 5380.95 declining by 18.40 points or 0.34 percentage points.