Copper on MCX settled down -0.31% at 432.65 as profit booking seen after dollar rebound slowed a rally in prices based on China's robust housing and manufacturing growth. Technically market is getting support at 430.8 and below same could see a test of 429 level, And resistance is now likely to be seen at 435.1, a move above could see prices testing 437.6.
At the MCX, copper futures for August 2017 contract was trading at Rs 434.20 per kg, up by 0.38 %, after opening at Rs 435.00, against a previous close of Rs 432.55. It touched the intra-day high of Rs 435.00.
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Nickel futures were trading higher during the afternoon trade in the domestic market on Thursday as participants widened their bets, driven by pick-up in demand in the spot market. Analysts attributed rise in nickel futures to building-up of positions by traders due to pick up in demand from alloy- makers in the spot market.
At the MCX, nickel futures for August 2017 contract was trading at Rs 748.40 per kg, up by 1.37 per cent, after opening at Rs 742.40, against a previous close of Rs 738.30. It touched the intra-day high of Rs 748.40.
Zensar Technologies Q3 result: Net profit was up at Rs 12.1 crore against Rs 0.3 crore. Revenue at Rs 34 crore versus Rs 8.9 crore, YoY.
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