Copper Plunges 1.50% On Geopolitical Tensions

Copper futures plunged over 1 per cent during afternoon trade in the domestic market on Tuesday as investors and speculators exited their positions in the industrial metal on the back of risk aversion due to uncertainty in the market about geopolitical tensions. 
The risk aversion in the wider markets linked primarily to North Korea bled through into the base metals complex. At the MCX, copper futures for April 2017 contract is trading at Rs 364.60 per kg, down by 1.50 per cent, after opening at Rs 369.80, against a previous close of Rs 370.15. It touched the intra-day low of Rs 364.10.

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Suhani Verma

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