Copper rose to $7,034 a metric ton, the highest level since June 2018, on London Metal Exchange on Wednesday, on optimism around a U.S. stimulus package and concerns about supply disruptions due to labour disputes at Chilean mines. Aluminium Price surged to $1843/MT on LME over 1-year high. The rising base metal price will be positive for Hindalco, Vedanta, Hind Zinc and Nalco. Among the ferrous stocks like Tata Steel, JSW Steel, Jindal Steel and NMDC will be positive. #MOMarketUpdates #MotilalOswal #IndianStockMarket #basemetal #Copper #Aluminium #Nifty #sensex
Posted on : 22 Oct 2020 6:08 PM
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