Last Updated :
08 May 2009 at 12:55 IST
Sterlite loses over 6%, copper futures get firm
Commodity Online
MUMBAI: Even as the copper prices surged on the commexes, copper stocks remained low on the bourses today.
Leading copper mining companies traded in red on the Bombay Stock Exchange even as the copper prices hovered at a higher end on the commexes. Vedanta Resources group company, Sterlite Industries Ltd lost over 6% at Rs.485, while Birla Group major, Hindalco Industries Ltd traded down by over 4.84% at Rs.66.80 during the morning trading session.
Hindustan Copper Ltd, however, traded with gains of close to 1.5% at Rs.186.90. Meanwhile, Sensex was trading with loss of over 156.57 points or 1.29% at 11960 points.
Copper Futures traded firm at Rs.236.2 per kg for MCX June contract, while copper spot price remained at Rs.232.6 per kg. Benchmark copper on the London Metal Exchange rose to around USD 4800 per tonne from near USD 3,200 at the end of last year and premiums for physical material in Asia and Europe have also moved higher alongside future contracts.
NCDEX REFSOYAOILINDOREJUN12 20 June 2012
contract was trading at
Rs 0 . What's your view on it?
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