 "Aluminium up by 1.2% on global cues")
Buoyed by firming trend overseas and rising spot demand, aluminium futures rose by 1.24% to Rs 101.75 per kg today as traders created fresh positions.
At the Multi Commodity Exchange, aluminium for delivery this month moved up by Rs 1.25 or 1.24% to Rs 101.75 per kg in a business turnover of 554 lots.
The metal for delivery in February contracts rose by Rs 1.05 or 1.03% to Rs 102.50 per kg in a business turnover of 161 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 this month moved up by Rs 1.25 or 1.24% to Rs 101.75 per kg in a business turnover of 554 lots.
The metal for delivery in February contracts rose by Rs 1.05 or 1.03% to Rs 102.50 per kg in a business turnover of 161 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.
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