RTRS: India copper opens up buoyed by rising equity mkts
MUMBAI, Oct 20 (Reuters) - India's copper futures opened up on Monday buoyed by rising equity prices and fresh pledges by central bankers to stabilise markets, analysts said.
The head of the European Central Bank on Sunday pledged to do whatever it takes to restore confidence to shaky markets.
At 10.36 a.m., the benchmark November copper MCCX8 on the Multi Commodity Exchange of India (MCX) was up 1.2 percent at 244.5 rupees per kg.
Copper prices are expected to trade rangebound during the session, supported by global measures to shore up the financial syStem, an analyst said.
At 10.37 a.m., October zinc MZIV8 was up 2.6 percent to 61.1 rupees a kg and October lead MLDV8 was up 1.48 percent at 71.9 rupees per kg. (Reporting by Nandita Bose; Editing by Harish Nambiar)
