 "Copper up by 0.2% on strong global cues")
Buoyed by a firming trend in global markets, copper futures prices rose by 0.22% to Rs 458.45 per kg today as speculators enlarged positions.
At the Multi Commodity Exchange, copper for delivery in February up by Re 1, or 0.22%, to Rs 458.45 per kg, with a business turnover of 366 lots.
Similarly, the metal for delivery in far-month April traded higher by 90 paise, or 0.19%, to Rs 462.45 per kg, with a business turnover of six lots.
Besides, pick up in demand at the domestic market supported the upside, traders said.
Meanwhile, copper for the metal for delivery in three months climbed 0.5% to $7,340 per tonne at the London Metal Exchange, while at Shanghai, the metal for delivery in March advanced 1.1% to 51,900 yuan ($8,584) per tonne.
At the Multi Commodity Exchange, copper for delivery in February up by Re 1, or 0.22%, to Rs 458.45 per kg, with a business turnover of 366 lots.
Similarly, the metal for delivery in far-month April traded higher by 90 paise, or 0.19%, to Rs 462.45 per kg, with a business turnover of six lots.
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Marketmen said a firming trend overseas as China's imports rose the most in five months in December, indicating that domestic demand will support economic growth in the world's biggest metals user, influenced copper prices at futures trade here.
Besides, pick up in demand at the domestic market supported the upside, traders said.
Meanwhile, copper for the metal for delivery in three months climbed 0.5% to $7,340 per tonne at the London Metal Exchange, while at Shanghai, the metal for delivery in March advanced 1.1% to 51,900 yuan ($8,584) per tonne.