Base metals rise on good industrial demand

Most of the base metals rose at the non-ferrous metal market here today on stockists buying amid good industrial demand as well as higher global cues.
Globally, industrial metal copper and zinc scored the biggest one-day gains in over two years in early trade after comments by US Federal Reserve officials helped calm global markets, including hard-hit stocks in top metals consumer China.
Nickle climbed by Rs 10 per kg to Rs 825 from Thursday's closing level of Rs 815 and zinc gained Rs 5 per kg to Rs 158 as compared to Rs 153.
Copper cable scrap, copper armiture, copper wire bar and brass sheet cutting edged up by Rs 3 per kg to Rs 408, Rs 396, Rs 436 and Rs 308 as against to Rs 405, Rs 393, Rs 433 and Rs 305, respectively.

Copper scrap heavy, copper utensils scrap, copper sheet cuttings and brass utensils scrap moved up by Rs 2 per kg each to Rs 400, Rs 373, Rs 390 and Rs 300, respectively.