Copper futures up 1.13% on positive global cues

Copper futures rose 1.13 per cent today to Rs 412.75 per kg as participants enlarged positions, taking positive cues from overseas markets and a pickup in spot demand.
At the Multi Commodity Exchange, copper for delivery in current month was trading higher by Rs 4.60, or 1.13 per cent, to Rs 412.75 per kg, with a turnover of 1,541 lots.
Similarly, the metal for delivery in far-month April contract was up by Rs 4.50, or 1.09 per cent, at Rs 416.75 per kg, with a trade volume of 57 lots.
Market analysts attributed the rise in copper futures trade to a firming trend in metal at the London Metal Exchange (LME), extending Friday's jump that was the largest since 2013.

Globally, copper for delivery in three-month rose 1.1 per cent at the LME.
Besides, pickup in spot demand also supported the upside, they said.