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IBL:Base metals gain on global cues
 
Mumbai, Oct 14 (PTI) Most of the base metals gained at the non-ferrous metals market here today on good buying by stockists as well as firm industrial support influenced by bullish trend on the London Metal Exchange (LME). The industrial metals traded higher at the London Metal Exchange following positive sentiment on latest Chinese inflation data, though worries over Spain's credit downgrade turned investors cautious. Tin spurted by Rs 10 per kilo to Rs 1,315 from overnight closing level of Rs 1,305. Copper cable scrap, copper wire bar, brass utensils scrap all surged by Rs 5 per kilo each to Rs 427, Rs 455 and Rs 295, respectively. Copper scrap heavy, copper utensils scrap and brass sheet cutting all added by Rs 4 per kilo each to Rs 418, Rs 392 and 302, respectively. Copper sheet cutting moved up by Rs 3 per kilo to Rs 408 and copper armiture inched up by a rupee per kilo to Rs 411.
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