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COPPER prices rose on Thursday, as investors cheered reports of a cease-fire agreement between Russia and Ukraine. Russian President Vladimir Putin confirmed that a cease fire deal with Ukraine starting February 15 had been reached, following months of violence. The U.S. dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, went down. A weaker dollar boosts demand for base metals as an alternative investment and makes dollar-priced commodities cheaper for holders of other currencies. Market sentiment remained subdued after talks between Greece and European Union officials ended without an agreement, though both sides said there was still hope for a deal. Further talks are due to be held next Monday.
In the case of base metals aluminum, 0.2 percent has come down to Rs 120 with osteoporosis. While copper around Rs 385 with a gain of 0.3 percent is visible. 0.2 per cent decline in the lead down to Rs 150 seems. With a gain of 0.4 percent, while nickel is trading above Rs 775. Around 0.3 per cent to Rs 175, while zinc is visible. December futures on the Multi Commodity Exchange, cardamom for agri commodities around Rs 1.1 per cent fall in 1285 is visible. November futures fell 0.15 percent, while cotton is trading around Rs 19,200.
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Financial Planning & Wealth Management By CA Rajkumar S Adukia 09820061049/09323061049 rajkumarradukia@caaa.in Financial Planning and Wealth Management