Select base metals declined at the non-ferrous metal market here today due to stockists offering and reduced industrial buying amid bearish trend at the London Metal Exchange (LME).
Meanwhile, tin, lead, zinc and copper scrap moved up on better demand from industrial users.
The industrial metals fell at the LME over strengthening dollar amidst Greece austerity measures and US Federal Reserve meet day ahead.
Nickel dropped by Rs 8 per kilo to Rs 1,172 from overnight closing level of Rs 1,180. Copper sheet cutting edged down by Rs 2 per kilo to Rs 434 as against Rs 436 yesterday.
Copper armiture, copper utensils scrap and brass utensils scrap all softened by a rupee per kilo each to Rs 440, Rs 420 and Rs 306.
However, Tin rose by Rs 5 per kilo to Rs 1,360 from Tuesday's closing level of Rs 1,355. Zinc looked up by Rs 2 per kilo to Rs 124. Copper scrap heavy and lead also inched up by a rupee per kilo each to Rs 451 and Rs 122 respectively.
