Copper futures were flat during afternoon trade in the domestic market on Wednesday as investors and speculators remained on the sidelines in the industrial metal on muted physical demand at the domestic spot market.
Further, domestic demand in industrial metal remained muted on firm dollar after delay in the US healthcare reform vote, and European Central Bank (ECB) President Mario Draghi hinted that the ECB could cut its stimulus this year.
At the MCX, copper futures for June 2017 contract is trading flat at Rs 376.65 per kg after opening at Rs 377.65, against a previous close of Rs 376.65. It touched the intra-day high of Rs 378.80 (at 14:36 hours).
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