India copper opens steady to up on overseas cues
(Reuters)
Updated:
2008-09-22 14:55
Counter:
India's copper futures opened steady with an upside bias on Monday tracking overseas markets, an analyst said.
At 10.20 a.m., the benchmark November copper MCCX8 on the Multi Commodity Exchange of India (MCX) was up 0.38 percent at 319.4 rupees per kg.
During the day prices are expected to trade in a wide range of 310-324 rupees, a breakout on either side can see prices rallying or falling, said Pranav Mer, an analyst with India Infoline Commodities Ltd.
At 10.22 a.m., September zinc MZIU8 was up 0.75 percent to 80.50 rupees a kg and September lead MLDU8 was up 0.40 percent at 86.9 rupees per kg.
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