Base metals ended flat on Monday, 26th December at domestic market MCX as the overseas markets, LME and Comex are closed for extended Christmas holidays. The lack of factors to trade and low liquidity prevailed in the market led to very thin trading yesterday. But, the US economic data released on Friday last week such as rise in durable goods orders and rise in new home sales helped few investors to continue trading in lower volumes. Market participants are awaited for more positive signs of US economic data due today, including the S&P Case-Shiller house price index for October and consumer confidence for December for further trading for the day. However the volumes will be lower due to the lack of cues and the major metal market LME is also closed on Tuesday, 27th December. The dollar index edged down by 0.11% at 79.93 against the basket of 6 major currencies due to the lack of trading in the market with extended Christmas holidays. Among other metals at MCX, all the metals ended flat. Copper for delivery in February inched up by 0.04% to Rs. 407.15 per kg. Lead ended flat at Rs. 105.95 per kg and Nickel for delivery in December ended flat at Rs. 986.6 per kg. Aluminium ended flat at Rs. 105.75 per kg and Zinc remain unchanged at Rs. 98.2 per kg.

Source