MCX Morning Wrap: Base metals see lax moves, Nickel slides around 1%

Base metals continued to stay under pressure as overall sentiments were tepid. MCX Copper futures for July are trading at Rs 1275.25 per kg, unchanged on the day. The metal moved up yesterday but highs around Rs 1274-75 mark are capping upside today. MCX Aluminum futures fell 0.46% to trade at Rs 327.70 per kg. MCX Zinc futures fell 0.73% at Rs 358.90 per kg. MCX Lead futures slipped 0.20% to trade at Rs 196.55 per kg. MCX Nickel futures tanked 0.94% to trade at Rs 1577.50 per kg.

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