 "Zinc rises by 0.2% on overseas cues")
Taking positive cues from global markets and better domestic demand, zinc futures today edged up by 0.25% to Rs 139.30 per kg as speculators enlarged positions.
At the Multi Commodity Exchange, zinc for delivery in April moved up by 35 paise, or 0.25%, to Rs 139.30 per kg, with a business turnover of 697 lots.
The metal for delivery in May also rose by a similar margin to Rs 140 per kg in a business volume of 56 lots.
Marketmen said improved demand in the spot market amid a firming trend in select base metals overseas ahead of housing data from the US and a gauge of manufacturing strength in China, the two largest consumers of industrial metals, mainly influenced zinc prices at futures trade here.
At the Multi Commodity Exchange, zinc for delivery in April moved up by 35 paise, or 0.25%, to Rs 139.30 per kg, with a business turnover of 697 lots.
The metal for delivery in May also rose by a similar margin to Rs 140 per kg in a business volume of 56 lots.
Marketmen said improved demand in the spot market amid a firming trend in select base metals overseas ahead of housing data from the US and a gauge of manufacturing strength in China, the two largest consumers of industrial metals, mainly influenced zinc prices at futures trade here.