Live Markets »News & Advice»Market News»Market News Details
Market News Details
Back

Zinc marginally down in range-bound movements

Press Trust of India/New Delhi 27 Jun 12 | 01:44 PM

Zinc traded a shade lower by 0.29% to Rs 101.40 per kg in futures trade today, after speculators trimmed their positions in view of approaching monthly expiry amid a weakening trend overseas.

On the MCX, zinc for delivery in June edged lower by 30 paise, or 0.29%, to Rs 101.40 per kg, with a trading volume of 948 lots.

Related Stories

    No Related Stories Found

The metal for the July delivery also moved down by similar margin to Rs 102.15 per kg, with a trade turnover of 173 lots.

Analysts said liquidating of positions by speculators ahead of monthly expiry  and a weak trend at the London Metal Exchange (LME), mainly put pressure on zinc futures prices.

Meanwhile, at the LME zinc was trading 0.2% lower at $1,772.25 per tonne.

Be the first to comment


Leave a reply


Name:  
Email: *  
Comment: *
(Max. 1000 characters)
 
Word Verification: *  
  Comment  

Sensex

Company Price Gain (%)
Sun Pharma.Inds.1,001.902.90
Bharti Airtel311.802.25
Dr Reddy`s Labs2,056.551.84
NTPC154.651.48
ITC335.801.28

Poll

Will auto shares extend gains during the week?


Online Portfolio

You can create Online Portfolio here using the below button.