Base Metals & Energy
Amid weak global cues and subdued domestic demand, copper prices fell further by 0.29 per cent to Rs 406.85 per kg in futures trade today on speculators reducing their positions.
At the Multi Commodity Exchange, copper for delivery in June fell by Rs 1.20, or 0.29 per cent, to Rs 406.85 per kg in business turnover of 7 lots.
Similarly, the metal for delivery in April traded lower by Rs 1.05, or 0.26 per cent, to Rs 403.10 per kg in 282 lots.
NICKEL
Nickel prices moved down by 0.33 per cent to Rs 959.90 per kg in futures trade today as speculators trimmed their positions, taking negative cues from overseas markets.
Further, subdued demand from alloy-makers in the domestic spot markets also weighed on the prices.
At the Multi Commodity Exchange, nickel for delivery in May declined by Rs 3.20, or 0.33 per cent, to Rs 959.90 per kg in business turnover of 29 lots. The metal for delivery in April shed Rs 3.10, or 0.32 per cent, to Rs 955.80 per kg in 135 lots.
FOR MORE INFORMATION CALL ON THIS MOB. NO. 9977785000 OR VISIT ON http://www.researchvia.com
D A I L Y B U Z Z
COPPERAmid weak global cues and subdued domestic demand, copper prices fell further by 0.29 per cent to Rs 406.85 per kg in futures trade today on speculators reducing their positions.
At the Multi Commodity Exchange, copper for delivery in June fell by Rs 1.20, or 0.29 per cent, to Rs 406.85 per kg in business turnover of 7 lots.
Similarly, the metal for delivery in April traded lower by Rs 1.05, or 0.26 per cent, to Rs 403.10 per kg in 282 lots.
NICKEL
Nickel prices moved down by 0.33 per cent to Rs 959.90 per kg in futures trade today as speculators trimmed their positions, taking negative cues from overseas markets.
Further, subdued demand from alloy-makers in the domestic spot markets also weighed on the prices.
At the Multi Commodity Exchange, nickel for delivery in May declined by Rs 3.20, or 0.33 per cent, to Rs 959.90 per kg in business turnover of 29 lots. The metal for delivery in April shed Rs 3.10, or 0.32 per cent, to Rs 955.80 per kg in 135 lots.
FOR MORE INFORMATION CALL ON THIS MOB. NO. 9977785000 OR VISIT ON http://www.researchvia.com
