MCX Copper off lows around Rs 1100 per kg

COMEX Copper futures saw some selling pressure today but losses were curbed amid firm equities. Asian shares gained after a tumble in last session. China's Shanghai Composite index rose 1.80%. Hong Kong?s Hang Seng index jumped 2.80%. Japan?s Nikkei average rallied 1.43%. European stocks slipped marginally today. The US stocks jumped from multi month lows. Major indices rallied more than 1%. While there is still uncertainty over Middle-East situation, equities seem to have stabilized, keeping Copper from witnessing further correction. The red metal is currently down 1% at $5.41 per pound. MCX Copper futures edged up from lows around Rs 1100 per kg and currently trade at Rs 1115.50 per kg, down 0.51% on the day.

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