AHMEDABAD (Commodity Online): Industrial metals on the Multi Commodity Exchange rebounded sharply on Monday.
Copper reaching its daily trading limit as market sentiment turned upbeat on expectations that European leaders will sooner or later produce a package of concrete measures to address the Greek debt issues.
MCX Lead October delivery contract rose by 1.69 percent to 98.20 rupees per kilogram. Support for contract looks at 95 and resistance stays at 99.
Lead future was boosted by stronger-than-expected China’s preliminary manufacturing data for October. Base metals stay upbeat as industry demand slightly improve in international and local market.
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