Copper futures surge 0.58% on pick up in demand, global cues
20/09/2017
Copper futures were trading higher during the noon trade in the domestic market on Wednesday driven by positive cues from global market and pick up in spot demand.Marketmen attributed the rise in copper futures to a firming trend in base metals at the London Metal Exchange (LME) and rising demand from consuming industries at domestic spot markets supported the upside.At the MCX, copper futures for November 2017 contract was trading at Rs 426.30 per kg, up by 0.58 per cent, after opening at Rs 424.55, against a previous close of Rs 423.85. It touched the intra-day high of Rs 427.40 (at 13:30 hours).
20/09/2017
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Copper futures were trading higher during the noon trade in the domestic market on Wednesday driven by positive cues from global market and pick up in spot demand.Marketmen attributed the rise in copper futures to a firming trend in base metals at the London Metal Exchange (LME) and rising demand from consuming industries at domestic spot markets supported the upside.At the MCX, copper futures for November 2017 contract was trading at Rs 426.30 per kg, up by 0.58 per cent, after opening at Rs 424.55, against a previous close of Rs 423.85. It touched the intra-day high of Rs 427.40 (at 13:30 hours).
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