 "Aluminium up 0.3% on global cues, spot demand")
Buoyed by firming trend overseas and rising spot demand, aluminium futures rose by 0.26% to Rs 117.80 per kg today as traders created fresh positions.
At the Multi Commodity Exchange, aluminium for delivery in current month moved up by 30 paise, or 0.26%, to Rs 117.80 per kg, with a business turnover of 79 lots.
The metal for delivery in January 2015 rose by 15 paise, or 0.13%, to trade at Rs 118.70 per kg in a business turnover of 36 lots.
Market participants said besides rising demand at domestic spot markets, a firming trend in base metals overseas after data showed the US economy, the second-biggest consumer of the metal, grew at fastest pace since 2003, helped aluminium futures to trade higher.
At the Multi Commodity Exchange, aluminium for delivery in current month moved up by 30 paise, or 0.26%, to Rs 117.80 per kg, with a business turnover of 79 lots.
The metal for delivery in January 2015 rose by 15 paise, or 0.13%, to trade at Rs 118.70 per kg in a business turnover of 36 lots.
Market participants said besides rising demand at domestic spot markets, a firming trend in base metals overseas after data showed the US economy, the second-biggest consumer of the metal, grew at fastest pace since 2003, helped aluminium futures to trade higher.
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