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02 Apr 2026 00:04 Sensex 73,319.55 185.23 (0.25%) || Nifty 22,713.10 33.70 (0.15%) 00
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07 Oct 2024 09:08
Base Metals Preview: Copper steadies below $4.6 mark

COMEX copper is seen off a four month high below $4.6 mark in early Asia on Monday. Upbeat dollar index above 102 mark and rallying US treasury yields are also dampening sentiments for the red metal. The counter however is still staying supported near a two and half month high tracking positive US equities. U.S. stocks rallied on Friday, lifting the major averages to a firm close, as upbeat non-farm payroll data helped offset concerns about Middle East tensions and prompted investors to indulge in some brisk buying at several counters from across various sectors. The Dow settled at a fresh record high at 42,352.75, gaining 341.16 points or 0.81 percent, the S&P 500 closed up 51.13 points or 0.9 percent at 5,751.07, and the Nasdaq climbed 219.37 points or 1.22 percent to settle at 18,137.85. Copper futures are currently seen quoting at $4.56 per pound, down 0.15% on the day.

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