Mix trend in base metals

Select base metals maintained mixed trend at the non-ferrous metal market here today on alternate bouts of buying and selling.

Globally, industrial metal copper futures strengthened in early trade after a sharp rebound on Wall Street helped calm investors hit by worries over China's faltering economy.

Nickle rose by Rs 5 per kg to Rs 815 from Wednesday's closing level of Rs 810 and copper utensils scrap gained Rs 4 per kg to Rs 371 as compared to Rs 367 previously.

Copper wire bar and brass utensils scrap moved up by Rs 2 per kg each to Rs 433 and Rs 298 as against Rs 431 and Rs 296 respectively and copper sheet cuttings inched up by a Re per kg to Rs 388.
 

Meanwhile, tin declined by Rs 15 per kg to Rs 1,125 from overnight closing level of Rs 1,140 and zinc slipped by Rs 4 per kg to Rs 153 as against to Rs 157 yesterday.

Lead and copper armiture softened by a Re per kg each to Rs 124 and Rs 393, respectively.