 "Copper rises by 0.3% on global cues")
Copper prices moved up by 0.26% to Rs 428.50 per kg in futures trade today as speculators created fresh positions in tandem with a firming global trend.
At the Multi Commodity Exchange, copper for delivery in far-month November contracts traded higher by Rs 1.10, or 0.26%, to Rs 428.50 per kg in a business turnover of 535 lots.
Analysts attributed the rise in copper futures to a firm global trend as worse-than-expected manufacturing data in China and the euro area raised speculation of more economic stimulus.
Meanwhile, copper for delivery in three months added 0.3% to $6,960.25 a tonne on the London Metal Exchange, while in Shanghahi, October delivery gained 0.60% to 49,930 yuan ($8,127) per tonne.
At the Multi Commodity Exchange, copper for delivery in far-month November contracts traded higher by Rs 1.10, or 0.26%, to Rs 428.50 per kg in a business turnover of 535 lots.
Analysts attributed the rise in copper futures to a firm global trend as worse-than-expected manufacturing data in China and the euro area raised speculation of more economic stimulus.
Meanwhile, copper for delivery in three months added 0.3% to $6,960.25 a tonne on the London Metal Exchange, while in Shanghahi, October delivery gained 0.60% to 49,930 yuan ($8,127) per tonne.