Aluminium Futures Keep Head Above Water


Aluminium futures were trading higher during morning trade in the domestic market on Monday as investors and speculators build up fresh bets in the industrial metal amid uptick in physical demand for aluminium at the domestic spot market. Further, a surge in physical demand for aluminium at the domestic spot market was led by widening of positions by traders in the spot market, supported aluminium prices at futures trade. At the MCX, aluminium futures for April 2017 contract is trading at Rs 124.10 per kg, up by 0.81 per cent, after opening at Rs 122.50, against a previous close of Rs 123.10. It touched the intra-day high of Rs 124.15 .
 
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Suhani Verma

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