Aluminium Futures Rise on Fresh Bets - PTI

By By Rediff Money Desk, NEWDELHI
Jan 23, 2024 15:05
Aluminium futures prices climbed 0.74% on Tuesday, reaching Rs 197.60 per kg, driven by speculative buying and positive spot market trends. Read more.
New Delhi, Jan 23 (PTI) Aluminium prices on Tuesday climbed 0.74 per cent to Rs 197.60 per kilogram in futures trade as speculators built up fresh positions amid a positive trend in the spot market.

On the Multi Commodity Exchange, aluminium contracts for January delivery increased by Rs 1.45 or 0.74 per cent to Rs 197.60 per kg in a business turnover of 2,245 lots.

Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
Read More On:
aluminium futuresaluminium pricescommodity marketmulti commodity exchangespeculative trading
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

UCO Bank Q2 Net Profit Jumps 50% to Rs 603 Crore

UCO Bank's net profit surged by 50% to Rs 603 crore in the second quarter, driven by...

Abhyuday Jindal Named Indian Chamber of...

Abhyuday Jindal, Managing Director of Jindal Stainless, has assumed the presidency of...

GST Rate Changes: Water Bottles, Bicycles...

The GoM on GST rate rationalisation has decided to lower taxes on water bottles,...

EL&N London Opens First India Store...

EL&N London, a global lifestyle and café brand, has launched its first Indian...

SMPP IPO: Rs 4,000 Cr Offering, Defense...

SMPP Ltd, a defense equipment manufacturer, files draft papers with Sebi for an IPO to...

Bomb Threat on Hyderabad-Chandigarh Flight

A bomb threat forced the isolation of an IndiGo flight from Hyderabad to Chandigarh....

Nexus Select Trust Acquires Bengaluru Mall for...

Nexus Select Trust, a REIT, will acquire Vega City Mall in Bengaluru for Rs 877 crore....

RBL Bank Q2 Profit Down 24% on Credit Card, MFI...

RBL Bank's Q2 net profit declined 24% due to asset quality challenges from credit cards...

Indian Overseas Bank Launches Mahila Shaksham...

Indian Overseas Bank launches 'Mahila Shaksham' scheme to empower women entrepreneurs,...

Afcons Infra IPO: Rs 5,430 Crore Issue Opens...

Afcons Infrastructure Ltd to launch its Rs 5,430-crore IPO on October 25. The IPO, a...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2024 Rediff.com