Last Updated :
17 June 2009 at 14:55 IST
Hindustan Copper down 2%, copper stays firm
Commodity Online
MUMBAI: Copper stocks continued sinking following selling pressure on the bourse at the higher levels, while red metal prices hovered at a higher end owing to the increased demand from the international buyers.
Leading copper stocks including Hindalco Industries Ltd and Sterlite Industries Ltd recorded losses on the Bombay Stock Exchange (BSE) with highest loss recorded in Hindustan Copper Ltd, which fell by over 2% at Rs.260.90 during the day.
24-Hour Online Forex Trading. Start with FREE practice accountHindalco Industries Ltd fell by close to 1% at Rs.98.20, while Sterlite Industries continued downward trend as the stock recorded moderate loss of over 1% at Rs.627.
Copper stocks have been on a decline, while copper Futures have been on the rise on the Indian commexes. MCX June contract stood higher at Rs.241.3 per kg, while in the international market, copper prices edged higher at USD 4954 per MT. The firmness in the copper prices was mainly attributed to the increased demand from China, which has been stock piling copper over past few months.
NCDEX GURMUZZAFFARNAGARJUL12 20 July 2012
contract was trading at
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