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Copper futures gain on global cues
Copper
futures rose during afternoon trade in the domestic market on Wednesday
as investors and speculators extended their positions in the industrial
metal on pick up in physical demand from consuming industries after
strong manufacturing data from China.
Further,
the prices of copper grew on strong Chinese economic data and hopes
that President-elect Donald Trump will follow-through on a pledge to
boost US infrastructure spending. At the MCX, copper futures for February 2017 contract is trading at Rs 378.75 per kg, up by 0.57 per cent, after opening at Rs 377.15, against a previous close of Rs 376.60. It touched the intra-day high of Rs 379.20.
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