| Copper futures rose by 0.19 per
cent to Rs 375.80 per kg on Wednesday, as speculators enlarged their
positions, taking firming global cues.
Better demand for the metal at spot markets
also supported the upside in copper futures here.
Analysts said rise in copper futures was
mostly attributed to a firming trend at overseas markets, where
copper climbed to a 27-month high in London
and New York, as demand prospects improved on expectations that the US
Federal Reserve.
At the Multi Commodity Exchange platform,
cooper for delivery in November contract traded 70 paise, or 0.19 per cent
higher, to Rs 374 per kg, with a turnover of two lots. It ended 0.5 per
cent higher at Rs 373.30 per kg in the previous session.
Similarly, copper for delivery in February
contract also rose by a similar margin to Rs 375.10 per kg, with a
turnover of five lots.
Meanwhile, at the London Metal Exchange
three month copper rose 0.33 per cent to USD 8,366 per tonne.
Source: Financial Express |
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