Business Standard

Zinc rises 0.71% on firm overseas trend, spot demand

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

BSE shifts 9 cos listed on Bangalore SE to dissemination board

Move would help buyers and sellers of securities of these companies to disseminate their bids/offers

Markets to see positive start on GDP data, coal block ruling eyed

Improved performance of mining, manufacturing and services sector pushed growth rate to two-and-half year high of 5.7% in April-June

Small guys can punch above their weight

Come October, the retail investor will have more power over his investments in listed companies than ever before. He can block promoters using ...

Related parties won't have an easy walk to the bank

A new Regime, effective from October,Will put company boardrooms under greater scrutiny. As investors cheer, vested interests are working ...

India Inc pushes for dilution, delay of new regime

Officials of top corporate groups, directors and consultants are in constant discussion with ministers, officials and regulators to cushion the ...

Back to Top