Copper rises 0.3% on global cues
Increased demand from consuming industries supported the trade
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Copper futures for April traded higher by Rs 1.10, or 0.26% to Rs 427.40 per kg in 4,939 lots.
At the Multi Commodity Exchange (MCX), the June contract edged up by Rs 1.10, or 0.25% to Rs 433 per kg in 227 lots.
Increased demand from consuming industries supported the trade.
Firming trend overseas on positive US economic data, that improved demand prospects with the world's second-largest consumer of metal, influenced copper futures trade.
On the London Metal Exchange (LME), the three months' contract climbed 0.4% to $7,829.50 a tonne.
While at Shanghai Futures Exchange (SFEX), the July contract rose 0.2% to 56,930 yuan ($9,158) a tonne.
At the Multi Commodity Exchange (MCX), the June contract edged up by Rs 1.10, or 0.25% to Rs 433 per kg in 227 lots.
Increased demand from consuming industries supported the trade.
Firming trend overseas on positive US economic data, that improved demand prospects with the world's second-largest consumer of metal, influenced copper futures trade.
On the London Metal Exchange (LME), the three months' contract climbed 0.4% to $7,829.50 a tonne.
While at Shanghai Futures Exchange (SFEX), the July contract rose 0.2% to 56,930 yuan ($9,158) a tonne.
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First Published: Mar 15 2013 | 2:33 PM IST