 "Copper rises marginally on positive global cues")
Copper futures rose 0.08 per cent to Rs 316.75 per kg today as participants enlarged their positions, taking positive cues from overseas markets and pick-up in spot demand.
At the Multi Commodity Exchange, copper for delivery in April next year was trading higher by 25 paise, or 0.08 per cent, to Rs 316.75 per kg, with a turnover of four lots.
The February contract was up by 20 paise, or 0.06 per cent, at Rs 312.45 per kg, with a trade volume of 515 lots.
Market analysts attributed the rise in copper futures trade to a firming trend in the base metals pack at the LME and pick-up in spot demand.
At the Multi Commodity Exchange, copper for delivery in April next year was trading higher by 25 paise, or 0.08 per cent, to Rs 316.75 per kg, with a turnover of four lots.
The February contract was up by 20 paise, or 0.06 per cent, at Rs 312.45 per kg, with a trade volume of 515 lots.
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Globally, copper for three-month delivery surged as much as 0.6 Per cent on the London Metal Exchange (LME).
Market analysts attributed the rise in copper futures trade to a firming trend in the base metals pack at the LME and pick-up in spot demand.