 "Copper falls by 0.4% on overseas cues")
Amid profit-booking by speculators and subdued demand at domestic spot markets, copper prices fell by 0.45% to Rs 361.45 per kg in futures trade today.
However, the metal's strength at the London Metal Exchange (LME), capped the fall.
At the Multi Commodity Exchange, copper for delivery in far-month April fell by Rs 2.65, or 0.45%, to Rs 361.45 per kg in business turnover of 15 lots.
Analysts attributed the fall in copper futures to profit-booking by speculators and subdued demand at domestic spot markets but the metal's gain at the LME as China increased infrastructure spending to spur economic growth in the world's largest consumer of the metal, limited the fall.
Globally, copper for delivery in three months retreated as much as 0.3%, to $5,730 a tonne at the LME.
However, the metal's strength at the London Metal Exchange (LME), capped the fall.
At the Multi Commodity Exchange, copper for delivery in far-month April fell by Rs 2.65, or 0.45%, to Rs 361.45 per kg in business turnover of 15 lots.
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The metal's prices for delivery in February contracts shed Rs 1.35, or 0.38%, to trade at Rs 367.60 per kg in a turnover of 894 lots.
Analysts attributed the fall in copper futures to profit-booking by speculators and subdued demand at domestic spot markets but the metal's gain at the LME as China increased infrastructure spending to spur economic growth in the world's largest consumer of the metal, limited the fall.
Globally, copper for delivery in three months retreated as much as 0.3%, to $5,730 a tonne at the LME.
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