New Document top_band
 
Business Standard

Zinc rises 0.71% on firm overseas trend, spot demand

Read more on:    Zinc Futures
Related News

today rose by Rs 0.70, or 0.71 per cent, to Rs 98.65 per kg as speculators built up fresh positions following firm global trends.

The zinc contract for delivery in August traded Rs 0.70, or 0.71 per cent, higher at Rs 98.65 per kg, with a turnover of 902 lots at the Multi Commodity Exchange.

The September contract gained Rs 0.65, or 0.66 per cent, to trade at Rs 99.65 per kg. At the London Metal Exchange, zinc rose 0.5 per cent to $2,140 a tonne in early trade today.

Analysts attributed the rise in zinc futures to firming trend at the London Metal Exchange after weak dollar raised its appeal as an alternative investment.

Besides, better trend in spot market on pick up in demand also helped the metal strengthen.

Read more on:   

Read More

Steel policy on cards to iron out woes

Policy could end land acquisition and green nod problems, and encourage foreign investors

Quick Links

 

Market News

Financial Technologies surges 25% in three days post stake sale in MCX

At 1250 hours, a combined 5 million shares changed hands and there are pending buy orders for 140,000 shares on BSE and NSE.

Mentha oil futures fall 0.87% on profit-booking

Oil for delivery in August lost 0.7%

Lead futures fall 0.26% on overseas trend, subdued demand

Market analysts said besides a weak trend in base metals at the LME, subdued demand put pressure on metal prices

Nickel down 0.4% on overseas trends, subdued demand

Metal for delivery in July also shed 0.38%

Crude palm oil down o.5% on low demand

Oil for delivery in July edged lower by 0.21%

Back to Top