MUMBAI (Commodity Online): Copper stocks sail against the sinking indices with strong buoyancy witnessed in some of the leading stocks including Hindustan Copper Ltd (BOM:513599) and Hindalco Industries Ltd (BOM:500440).

Hindustan Copper traded at Rs.608 up by 4.39% on the Bombay Stock Exchange (BSE) in the early trading hours today, while Birla group major, Hindalco Industries posted over 2% gain to Rs.136.90 on the BSE today.

Get Commodity Trading Tips at lowest rates

However, Vedanta Resources group firm, Sterlite Industries (India) Ltd (BOM:500900) reported marginal rise in the stock prices on the BSE today as the stock traded with gains of 0.7% to Rs.762.65.

The sectoral index, BSE metals had gained by 1.28% to 15,660 points, while benchmark index, Sensex remained almost flat at 16,043 points with meager rise of 0.01% during the afternoon trading session.

Meanwhile, copper prices on the Indian commodity exchanges remained weak at Rs.306.2 per kg for MCX February contract. This was mainly driven by lower than expected Chinese copper imports for the month of January 2010.

Post your comment  (0)

Connect:

Post to Twitter

Post to Facebook