Copper futures rose by 0.19% to Rs 403.15 per kg today as speculators enlarged their positions, buoyed by a firming trend on the London Metal Exchange.
The trading sentiment in copper futures improved after the metal strengthened on the London Metal Exchange (LME) as US consumer confidence rose and jobless claims declined in the world's biggerst economy, improving the outlook for metals demand.
At the Multi Commodity Exchange, February copper rose by 75, or 0.19%, to Rs 403.15 per kg, with a business volume of 4,892 lots.
The April delivery moved up by 65 paise, or 0.16%, to Rs 406.95 per kg, with a trading volume of 319 lots.
Globally, copper for delivery in three months edged up by 1.2% to $7,627.25 per tonne on the LME in early trade today.
