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In base metals mixed business is. Aluminium, Copper, Nickel in the fall. However, lead and zinc are 0.25 to 0.75 per cent. Copper is trading now at 418.8 in a consolidate pattern.
London copper slipped on Monday as investors were cautious ahead of a looming deadline for Greece to accept the terms of a new bailout deal, offsetting encouraging U.S. jobs data that pushed prices up almost 3 percent in the previous session.
Hindustan Copper recorded a net profit of Rs 80.7 crore in the third quarter of FY12, a 69% jump over previous quarter, on account of higher copper prices. Net sales came in at Rs 307 crore.
Copper futures are likely to open lower today following overseas markets, and a stronger rupee back home.
Crude oil seems to take over. On MCX, crude oil is marginally down at Rs 4764. Crude oil was down 0.5 per cent in early trade.
