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Zinc up 0.3% on global cues

Covering-up of short positions by speculators also supported the upside

Press Trust of India New Delhi

Zinc futures for January edged up by 35 paise, or 0.31%, to Rs 111.90 per kg in 1,323 lots.

At the Multi Commodity Exchange (MCX), the February contract also rose by a similar margin to Rs 112.80 per kg in 507 lots.

Better domestic demand, participants creating positions supported the uptrend.

Besides, covering-up of short positions by speculators also supported the upside.

US housing data that boosted optimism that demand was recovering triggered firming trend in the global markets.

 

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First Published: Jan 30 2013 | 2:56 PM IST

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