Copper futures recovered by 0.40% today as speculative buying buoyed by a firming global trend.
Also, pick up in demand from consuming industries at spot markets influenced the prices.
At the Multi Commodity Exchange, copper for delivery in February rose by Rs 1.65, or 0.40%, to Rs 416.50 per kg, with a business volume of 1,477 lots.
The April contract moved up by Rs 1.60, or 0.38%, to Rs 422.90 per kg, with a trading volume of 137 lots.
Analysts said sentiment in copper futures improved after the metal strengthened on the London Metal Exchange (LME) as better-than-expected US economic data bolstered optimism demand may improve in the second-largest user.
Copper for delivery in three months was trading 1.4% higher at $8,419.75 per tonne on the LME in early trade today.
