 "Aluminium up 0.3% on global cues, spot demand")
Taking positive cues from overseas markets and rising spot demand, aluminium futures prices rose by 0.30% to Rs 117.35 per kg today as traders created fresh positions.
At the Multi Commodity Exchange, aluminium for delivery in current month moved up by 35 paise, or 0.30%, to Rs 117.35 per kg, with a business turnover of 200 lots.
Metal for delivery in January 2015 contracts rose by a similar margin to trade at Rs 118.25 per kg in business turnover of 67 lots.
Market participants said besides rising demand at domestic spot markets, a firming trend in metal at the London Metal Exchange (LME), helped aluminium futures to trade higher.
At the Multi Commodity Exchange, aluminium for delivery in current month moved up by 35 paise, or 0.30%, to Rs 117.35 per kg, with a business turnover of 200 lots.
Metal for delivery in January 2015 contracts rose by a similar margin to trade at Rs 118.25 per kg in business turnover of 67 lots.
Market participants said besides rising demand at domestic spot markets, a firming trend in metal at the London Metal Exchange (LME), helped aluminium futures to trade higher.