 "Aluminium rises by 0.3% on global cues")
Buoyed by firming trend overseas and rising spot demand, aluminium futures rose by 0.30% to Rs 116.55 per kg today as traders created fresh positions.
At the Multi Commodity Exchange, aluminium for delivery in current month moved up by 35 paise, or 0.30%, to Rs 116.55 per kg, with a business turnover of 326 lots.
The metal for delivery in May contracts rose by 25 paise, or 0.21%, to Rs 116.80 per kg in a business turnover of 27 lots.
Market participants said besides rising demand at domestic spot markets, a firming trend in the base metals pack at the London Metal Exchange (LME), helped aluminium futures to trade higher.
At the Multi Commodity Exchange, aluminium for delivery in current month moved up by 35 paise, or 0.30%, to Rs 116.55 per kg, with a business turnover of 326 lots.
The metal for delivery in May contracts rose by 25 paise, or 0.21%, to Rs 116.80 per kg in a business turnover of 27 lots.
Market participants said besides rising demand at domestic spot markets, a firming trend in the base metals pack at the London Metal Exchange (LME), helped aluminium futures to trade higher.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%