Aluminium rises by 0.2% on global cues

Buoyed by firming trend overseas and rising spot demand, aluminium futures rose by 0.25% to Rs 98.80 per kg today as traders created fresh positions.

At the Multi Commodity Exchange, aluminium for delivery this month moved up by 25 paise, or 0.25%, to Rs 98.80 per kg, with a business turnover of 77 lots.

The metal for delivery in January 2015 contracts rose by 15 paise, or 0.15%, to Rs 99.75 per kg in a business turnover of five lots.

Market participants said besides rising demand at domestic spot markets, a firming trend in the metal at London Metal Exchange (LME), helped aluminium futures to trade higher.

Globally, aluminium for delivery in three months at the LME rose 0.5%.

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