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Copper futures rose 0.15% today to Rs 365.20 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 November was trading higher by 55 paise, or 0.15%, to Rs 365.20 per kg, with a turnover of 25 lots.
Similarly, the metal for delivery in August contract was up by 45 paise, or 0.13%, at Rs 358.55 per kg, with a trade volume of 1,254 lots.
Globally, copper for three-month delivery added 0.4%, to $5,587 per tonne on the London Metal Exchange (LME).
Market analysts attributed the rise in copper futures trade to a firming trend in the base metals pack on the LME on better-than-expected growth in China's economy in the second quarter, boosting demand prospects in the world's biggest metals consumer.
Meanwhile, Chinese gross domestic product expanded 7% in the second quarter from a year earlier, beating estimates for a 6.8% increase, while June industrial-production and retail-sales growth topped economists' projections.
Besides, pickup in spot demand also supported the upside, they said.
