Breaking News

You are here » Indian-Commodity  :  Commodities  :  Copper  :  Copper futures trade lower on profit booking

14-Mar2019

Copper futures trade lower on profit booking

Copper futures traded lower on MCX, due to profit booking by the speculators at prevailing higher rates amid softer demand from spot domestic markets. However, positive trend of red metal in international markets capped the downside.

The contract for April delivery was trading at Rs 451.15, down by 0.36% or Rs 1.65 from its previous closing of Rs 452.80.The open interest of the contract stood at 14064 lots.

The contract for June delivery was trading at Rs 455.10, down by 0.32% or Rs 1.45 from its previous closing of Rs 456.55. The open interest of the contract stood at 649 lots on MCX.


Related News

View all news

Copper futures trade lower on trade deal concerns

Copper futures traded lower on Monday, pressured by concerns over the outlook for the global economy and metals demand as Washington and Beijing struggled to salvage a deal to end a bitter trade war. Investors......

Copper futures trade marginally higher on improved demand

Copper futures traded marginally higher on MCX as speculators enlarged their exposure amid improved demand at the spot market. Copper prices gained further by tracking firm trend overseas on hopes of easing......

Copper futures trade marginally lower amid weak global cues

Copper futures traded marginally lower on MCX, as red metal overseas is in negative territory amid mounting tensions ahead of crucial trade talks between the United States and China from Thursday, with......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......