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.
Read Other Stories
advertisements
Most Popular
Sensex
| Company | Price | Gain (%) |
|---|---|---|
| Sun Pharma.Inds. | 1,001.90 | 2.90 |
| Bharti Airtel | 311.80 | 2.25 |
| Dr Reddy`s Labs | 2,056.55 | 1.84 |
| NTPC | 154.65 | 1.48 |
| ITC | 335.80 | 1.28 |

Leave a reply
(Max. 1000 characters)