Commodity Online
MUMBAI: Copper stocks shed heavily on the Bombay Stock Exchange today as copper Futures witnessed weakness on the commexes.
Copper Futures was down today at Rs.227.3 per kg down by Rs.7 for MCX April contract. On Monday, copper for current month shed 0.93 per cent at Rs.239.25 per kg, while June month contract lost 0.92 per cent at Rs.241.25 per kg.
Receive $25 free with a Forex Micro accountThe weakness in copper was mainly attributed to global financial trends, as dollar gets stronger against other currencies. Meanwhile, international copper prices remained low at USD 4454 per MT.
Companies mining the red metal traded weak on the bourses today. Vedanta Resources group company, Sterlite Industries Ltd (BOM 500900) traded at Rs.379 down by 5.25% during the morning trading session on the BSE. Hindustan Copper Ltd (BOM 513599) too plunged by 5% at Rs.194. The Aditya Birla group company, Hindalco Industries Ltd (BOM 500440) plunged by 4.5% at Rs.51.55.
