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The key domestic benchmarks trimmed some of their earlier gains but were still trading higher today tracking a strong rally in Asian stock markets which rose as speculation of a Spanish bailout and upbeat US data lifted sentiment, spurring demand for risky assets. Stocks rose after Germany signaled that it is open to the idea of Spain seeking funding from Europe's bailout funds, easing concerns over Europe's debt turmoil. Robust US corporate earnings and a rebound in US industrial production last month signaled a pickup in the world's largest economy, bolstering sentiment. Stock Tips Of The Day - by optiontips.in VOLTAS LTD. Read More on: http://www.kyachadega.com/2012/10/positive-indication-of-sensex-asian.html

Brokers said participants adopted a cautious approach and trimmed their positions ahead of wholesale inflation data for September, to be released later in the day and Q2 earnings by Reliance Industries, which has significant influence over 30-share Sensex. Reliance Industries has slashed its budget for developing the three main oil- and gas- producing areas in its showcase Andhra offshore field by $3 billion, citing an unexpected fall in reserves, sources told optiontips.in India plans to relax rules for oil and gas exploration licences in time for the next bidding round, in a move to attract global companies. More News on: http://www.kyachadega.com/2012/10/market-remain-flat-for-day-optiontipsin.html

Copper recovered and continued it's previous sessions gains on short covering as china's equity shows some positive moment. Gold traded on lower note on European policy maker meeting and on us unemployment data ahead. Investor's concern on fed interest rate increased this month also pressurized gold from highs.... Read more here- http://www.pinnaclefinancial.in/blog/base-metals-tips-energy-updates-sell-bullions-today/

Zinc futures ahead in the local market on yesterday as investors and speculators booked fresh positions in the industrial metal. Moreover, the gains in the metal were trimmed by downbeat China factory data which indicated a worsening economic downturn in the world's largest metals consumer, clouding the requirement prospects for zinc.

Worries over the payroll reversed gains from yesterday's positive manufacturing reports within the energy sector. Natural gas got a boost on several Wells Fargo upgrades.

As was the case yesterday, a late-hour rally in the session helped to propel stocks into positive territory for the second consecutive day. Volatility and choppy trading is still the trend.

Investors are shedding gold and silver holdings at record speed as a preference for the dollar and fear of future liquidity impact attitudes. Miners, in spite of being undervalued against gold, are also being sold off amid the volatility.

Some stocks that have been long out of investor favor, including AOL and NFLX both gained ground on respective announcements today. Chip companies were higher across the board as technical levels inspired buying.