Select base metals rose at the non-ferrous metal market here today on increased demand from stockists amidst higher demand from industrials users on the back of bullish trend in global markets.
Meanwhile, tin and copper scrap heavy both declined over subdued demand from alloy as well as consumer industries. The industrial metals gained at the LME on resolution over increase in US debt.
Nickel spurted by Rs 5 per kg to Rs 1,245 from last Saturday's closing level of Rs 1,240 and copper sheet cutting strengthened by Rs 4 per kg to Rs 452 as against Rs 448.
Brass utensils scrap moved up by Rs 3 per kg to Rs 308 from Rs 305 previously.
Copper utensils scrap and brass sheet cutting both edged up by Rs 2 per kg to Rs 429 and Rs 320 respectively. Copper armiture inched up by a rupee per kg to Rs 456.
However, tin dropped by Rs 5 per kg to Rs 1,465 from last weekend level of Rs 1,470 and copper scrap heavy softened by Rs 467 from Rs 468.
