Industrial metal futures are trading higher in the Indian markets on Tuesday. Metal index at the Multi-Commodity Exchange (MCX) rose 0.42 points or 0.01 percent to trade at 3962.66.
Nickel futures went up Rs 9.00 or 1.28 percent to trade at Rs 713.00 per kg. Zinc futures rose Rs 0.25 or 0.2 percent to trade at Rs 123.95 per kg. Copper futures rose Rs 0.45 or 0.13 percent to trade at 336.60 per kg at the MCX.
On the other hand, Aluminium futures fell Rs 0.25 or 0.24 percent to trade at Rs 103.10 per kg. Lead futures declined Rs 0.10 or 0.09 percent to trade at Rs 108.40 per kg.
Commenting on the outlook on metal, Emkay Commotrade said, ''Today there will be some bargain buying or short covering in the base metals but that recovery will bring short lived rally as there is no as such fundamental trigger to be found on demand-supply conditions. Today one can buy Nickel and Lead on lower side.''