Published on 2009-08-19 09:35:58
Singapore - India August MCX zinc futures likely up, tracking 1% rise in LME three-month futures. "Metals are picking up on hopes that demand will pick up after rise in global equity markets. But any correction in equity markets may trigger a sharp sell off in the metal basket," says STCI Commodities trader, Kapil Gandhi. Other metals also likely up on LME gains. Zinc last closed at INR86.30, nickel at INR923.30/kg, aluminum at INR96.35 while lead settled at INR87.60/kg.
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