Aluminium rises almost 1% on spot demand
Prices edged up as participants enlarged their positions
 "Aluminium rises almost 1% on spot demand")
Aluminium futures for May inched up by 95 paise, or 0.98%, to Rs 98.15 per kg in 2,246 lots.
At the Multi Commodity Exchange (MCX), the June contract traded higher by 95 paise, or 0.97%, to Rs 99.20 per kg in 241 lots.
Prices edged up as participants enlarged their positions amid strong spot markets demand.
On the London Metal Exchange (LME), aluminium gained 1.1% to $1,844.75 per tonne.
At the Multi Commodity Exchange (MCX), the June contract traded higher by 95 paise, or 0.97%, to Rs 99.20 per kg in 241 lots.
Prices edged up as participants enlarged their positions amid strong spot markets demand.
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Firming trend in the base metals overseas on optimism that the European Central Bank will cut interest rates to a record low and after the Federal Reserve said it will keep buying bonds, helped aluminium futures to trade higher.
On the London Metal Exchange (LME), aluminium gained 1.1% to $1,844.75 per tonne.