Sensex trades strong amid positive global cues

Indian markets were trading higher on the back of positive trade in most of the Asian markets. The gains in the Indian markets were led by metal and auto stocks.
Most of the Asian markets were trading positive but the gains were muted. Overnight, the US stock market ended November with its best monthly performance since the summer — even as investors worried about the strength of the holiday shopping season. US stocks zigzagged on Monday but finished modestly higher as traders ultimately were not deterred by reports that retail sales were overall uninspiring during the Thanksgiving weekend. On Monday, the Dow rose 34.92, or 0.3 percent, to 10,344.84. The broader S&P 500 index rose 4.14, or 0.4 percent, to 1,095.63, and the Nasdaq composite index rose 6.16, or 0.3 percent, to 2,144.60.
Despite the tepid finish, the Dow Jones industrial average and the Standard & Poor's 500 index rose more than 5 per cent in November, their biggest monthly advance since July.
Deven Choksey, MD of KR Choksey Securities, said he expects a rangebound December for Indian markets. He sees Indian markets trading between 5150 and 4800 for the month. However, if some heavyweights throw in some positive surprise, then overall markets could see some more gains, he added.

In the Indian markets, the auto and metal sectoral indices on the BSE were up over 1 per cent. Global metal prices rebounded on Monday, rising as fears over a Dubai debt crisis eased and the dollar resumed its decline. Auto stocks were under focus as investors expect good November sales numbers.
Among the Sensex stocks, M&M, Sterlite Ind, Tata Motors, DLF and Maruti were up between 2.3 per cent and 1.6 per cent.

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Sensex today closed on a positive note and it was up by 118.45 points. For earning better returns it is required to learn all market updates timely. Few stocks which were among top market gainer are : Dr Reddy, Sunpharma and Bharti airtel.