Indian copper futures up on pick up in demand and global cues

PTI reported that Indian copper prices rose by INR 4.90 to INR 423.25 per kilogram in futures trade as speculators enlarged their positions, driven by pick up in demand in the spot markets amid firming global trend.
Trading sentiments improved after copper rose in global markets on speculations that China's interest rate increases may be close to an end boosting the demand outlook from the biggest consumer.
On the Multi Commodity Exchange, copper for delivery in April gained INR 4.90 or 1.17% to INR 423.25 per kilogram with a business turnover of seven lots. June Copper rose by INR 4.80 or 1.13% to INR 429.20 with a business volume of four lots.
Market analysts attributed the rise in copper prices to enlarging of positions by speculators, supported by a rise in demand in the spot market amid firming global trend. Meanwhile, copper for 3 month delivery advanced 1.1% to USD 9,493 per tonne on the London Metal Exchange.

(Source: http://www.steelguru.com/metals_news/Indian_copper_futures_up_on_pick_up_in_demand_and_global_cues/199308.html)