Base metals rebounds on global cues

Most of the base metals rebounded at the non-ferrous metal market here today due to renewed stockists buying amidst good demand from industrial users driven by bullish global cues.
Globally, industrial metals were trading higher at the LME in early trade in over four months and zinc touched a three-year peak, with second-half fund allocations pouring into the sector as the demand outlook brightens.
Nickel shot-up by Rs 15 per kg to Rs 1,255 from Wednesday's closing level of Rs 1,240.
Tin advanced by Rs 10 per kg to Rs 1,605 as against Rs 1,595 yesterday.
Zinc climbed by Rs 3 per kg to Rs 184 from Rs 181.

Copper wire bar and brass utensils scrap moved up by Rs 2 per kg each to Rs 527 and Rs 336 from Rs 525 and Rs 334.
Copper scarp heavy, copper armature, copper utensils scrap, copper sheet cutting and lead edged-up by a Re per kg to Rs 490, Rs 477, Rs 455, Rs 473 and Rs 145, respectively.