 "Copper rises 0.8% on global cues")
Supported by a firm global trend and increased domestic demand, copper prices rose 0.81% to Rs 411.25 per kg in futures trade today.
At the Multi Commodity Exchange (MCX), the June contract traded higher by Rs 3.40, or 0.81%, to Rs 411.25 per kg in 2,769 lots.
The August contract edged up by Rs 3.20, or 0.80%, to Rs 416.70 per kg in 139 lots.
Market analysts said besides increased demand from consuming industries, a firming overseas trend on hopes that an increase in May month manufacturing signalled an economic revival in the US, the world's second-biggest consumer of the metal, may boost demand, mainly influenced copper prices at futures trade here.
At the Multi Commodity Exchange (MCX), the June contract traded higher by Rs 3.40, or 0.81%, to Rs 411.25 per kg in 2,769 lots.
The August contract edged up by Rs 3.20, or 0.80%, to Rs 416.70 per kg in 139 lots.
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Globally, copper for delivery in three months climbed 0.60% to $ 7,090 a tonne on the London Metal Exchange.
Market analysts said besides increased demand from consuming industries, a firming overseas trend on hopes that an increase in May month manufacturing signalled an economic revival in the US, the world's second-biggest consumer of the metal, may boost demand, mainly influenced copper prices at futures trade here.