Copper futures shed 0.78% on profit-booking

Copper futures fell 0.78 per cent to Rs 452.75 per kg today as speculators trimmed positions to book profits even as metal strengthened overseas.
At the Multi Commodity Exchange, copper for delivery in February declined Rs 3.55, or 0.78 per cent, to Rs 452.75 per kg, in a business turnover of 1,555 lots.
The metal for delivery in April was trading Rs 3.35, or 0.73 per cent down, at Rs 458.20 per kg in a business volume of 37 lots.
Analysts said profit-booking by participants led to the fall in copper prices in futures trade here but a firm trend in the metal at the London Metal Exchange (LME) capped the fall.

Globally, copper for three-month delivery ended up 1.8 per cent at USD 7,169 per tonne at the LME.