Zinc futures were trading higher during the morning trade in the domestic market on Thursday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for zinc in the domestic spot market.
At the MCX, zinc futures for July 2016 contract is trading at Rs 142.70 per kg, up by 0.07 per cent, after opening at Rs 142.55, against a previous close of Rs 142.60. It touched the intra-day high of Rs 142.70 (At 10:03 hours).
Zinc on MCX settled up 0.21% at 142.6 on hopes of increased central bank stimulus to offset a likely downturn triggered by Brexit. China's central bank said that it would use various policy tools to maintain appropriate liquidity and reasonable growth in credit and social financing. Helping lift sentiment towards risk assets.For best commodity tips join epic research.
Zinc on MCX settled up 0.21% at 142.6 on hopes of increased central bank stimulus to offset a likely downturn triggered by Brexit. China's central bank said that it would use various policy tools to maintain appropriate liquidity and reasonable growth in credit and social financing. Helping lift sentiment towards risk assets.For best commodity tips join epic research.
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