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Base Metal Tips: Zinc slides on weak global cues

Discussion in 'Stock Market News & Analysis' started by Anik singh, Apr 7, 2016.

  1. Anik singh

    Anik singh New Member

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    Zinc futures fell by 1.25 per cent to Rs 118.90 per kg in futures trade on Wednesday after speculators reduced bets in the midst of a weak trend in base metals overseas and sluggish domestic demand. Zinc futures for April 2016 contract, at MCX, were trading at Rs 118.90 per kg, down by 1.25 per cent after opening at Rs. 120.45 against the previous closing price of Rs. 120.40. It touched the intra-day low of Rs. 118.80 till the trading.


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