Base metals ends mixed

Select copper, nickel and zinc declined at the non-ferrous metal market here today due to profit taking by the stockists on the back of bearish trend in global market. 

Overseas, the industrial metal turned weak impacted by the Chinese tightening of monetary policy to contain surging inflation.

Meanwhile, tin, lead, aluminium and copper sheet cutting firmed up on better offtake from industrial users.

Nickel slumped by Rs 15 per kilo to Rs 1,345 from last Saturday's closing level of RS 1,360.  

Copper cable scrap, copper scrap heavy and copper wire bar all edged down by Rs 2 per kilo to RS 468, Rs 458 and Rs 496 respectively as compared to Rs 470, Rs 460 and Rs 498 last weekend.  

Zinc, copper utensils scrap and copper armiture softened by a rupee per kilo each to to Rs 130, Rs 423 and Rs 449. However, tin rose to RS 5 per kilo to Rs 1,585 from previous closing level of Rs 1,580.

Lead and aluminium ingots both moved up by Rs 2 per kilo each to Rs 124 and Rs 134. 

Copper sheet cutting also inched up by a rupee per kilo to Rs 444.