Copper on MCX settled up 0.96% at 330.55 rose to a four-week high on Thursday, boosted by rising expectations of improving demand growth from China after a string of stronger economic data from the top consumer. Support seen as Benchmark copper on the London Metal Exchange finished with a 0.4 percent gain at $5,000 a tonne, having peaked earlier at $5,065 and dipped to a low of $4,930 after funds cut bets on higher commodity prices.
Higher than expected Chinese industrial production and investment data in March, a surge in property sales in the first quarter, rising exports and above-consensus loan growth have all contributed to optimism in base metals markets. From economical data side on Thursday the ECB's Governing Council left its benchmark interest rate for the euro zone at a record-low of zero in a closely-watched decision in Frankfurt. At the same time, the ECB's deposit rate remained unchanged at Minus-0.4%, while its marginal lending facility rate also stayed unchanged at 0.25%. In March, the ECB lowered the deposit rate, or the rate it charges on overnight, commercial bank deposits parked at the central bank, to its lowest level on record.

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