Copper marginally up on global cues
Speculators enlarged positions after base metal strengthened in the global market
 "Copper marginally up on global cues")
Copper futures traded a shade higher at Rs 415.30 per kg as speculators enlarged positions after base metal strengthened in the global market amid pick-up in spot demand.
At the Multi Commodity Exchange, copper for delivery in November edged up by 60 paise, or 0.06%, to Rs 415.35 per kg in a business turnover of 350 lots.
Likewise, the metal for delivery in February next year traded higher by 25 paise, or 0.04%, to Rs 420.35 per kg in three lots.
Meanwhile, copper for delivery in three months climbed 0.20% to $6,709 a tonne at the LME.
At the Multi Commodity Exchange, copper for delivery in November edged up by 60 paise, or 0.06%, to Rs 415.35 per kg in a business turnover of 350 lots.
Likewise, the metal for delivery in February next year traded higher by 25 paise, or 0.04%, to Rs 420.35 per kg in three lots.
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Market analysts attributed the rise in copper futures to a firming trend in metal at the London Metal Exchange (LME) and pick-up in industrial demand at domestic market.
Meanwhile, copper for delivery in three months climbed 0.20% to $6,709 a tonne at the LME.