TOP STORIES IN
Business
Zinc futures down on profit-taking, weak overseas trend
Article
Comments
New Delhi, June 15 (PTI) Zinc futures slipped 1.84 per cent in early trade on the Multi Commodity Exchange (MCX) today as traders booked profits at existing higher prices amid fall in its prices in global markets.
At 1100 hrs on the MCX platform, zinc for delivery in the June-month contract was trading 1.84 per cent down at Rs 77.45 per kg, in trading of 3,816 lots. It had gained 038 per cent at Rs 251.20 per kg in the previous trading session. The metal for delivery in July fell 1.63 per cent at Rs 78.30 per kg, with an open interest in 4,814 lots. At the LME, zinc traded 1.18 per cent down at USD 1,670 a tonne. Market analysts said besides fresh spell of profit-taking at higher prices by traders, downward trend in base metal prices at the London Metal Exchange also put pressure on the lead prices at the futures market here.
Share this
Seasoned players Sachin Tendulkar and Harbhajan Singh were rested while Yuvraj Singh was today recalled in...
Grappling with allegations of widescale corruption, the Commonwealth Games suffered another blow on...
With a fifth Test double hundred under his belt at 37, Indian batting icon Sachin Tendulkar today said he...
