 "Copper rises by 0.3% on global cues")
Copper futures were up 0.30% at Rs 384.70 per kg today as speculators enlarged bets, largely in step with a firming trend in base metals at the London Metal Exchange (LME).
At Multi Commodity Exchange, copper for delivery in June rose Rs 1.15, or 0.30%, at Rs 384.70 per kg in a turnover of 884 lots.
Metal for delivery in August also rose by a similar margin to trade at Rs 389.80 per kg, with trade volume of 24 lots.
Analysts said gains in copper and other metals overseas after weaker-than-estimated inflation data from China bolstered the case for further stimulus influenced copper prices in futures trade here.
At Multi Commodity Exchange, copper for delivery in June rose Rs 1.15, or 0.30%, at Rs 384.70 per kg in a turnover of 884 lots.
Metal for delivery in August also rose by a similar margin to trade at Rs 389.80 per kg, with trade volume of 24 lots.
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Globally, copper for delivery in three months rose 0.5% to $5,976 per tonne on LME while in Shanghai metal for delivery in August contracts climbed 0.2% to 43,250 yuan ($6,970) per tonne.
Analysts said gains in copper and other metals overseas after weaker-than-estimated inflation data from China bolstered the case for further stimulus influenced copper prices in futures trade here.