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Stock Market and Copper Live Updates

Indian Stock Market Live updates
The BSE Sensex touched a high and a low of 19,622.68 and 19,317.38, respectively. The BSE Mid cap index up by 0.42% and Small cap index was down by 0.31%.

The top gainers on the Sensex were, Hindustan Unilever up by 17.28%, Sterlite Industries up by 4.03%, Mahindra & Mahindra up by 2.24%, Wipro up by 1.75% and Coal India up by 1.64%, while HDFC down by 1.94%, HDFC Bank down 1.71%, Hindalco down 1.57%, L&T down 1.10% and Bajaj Auto down by 0.80% were the top losers on the index.


Copper Updates Live


Copper fell on Tuesday, on track for its steepest monthly loss in nearly a year, as concerns about the pace of global growth weighed on industrial metals, but falls were capped by hopes of more monetary easing.

Benchmark three-month copper on the London Metal Exchange traded at
$7,105 a tonne in official rings, down from a close of $7,153.50 a tonne on Monday. Volumes were subdued as China's markets will remain closed until Thursday for Labour Day holidays. 

Copper for delivery in three months declined 0.4 percent to $7,123 a metric ton by 11 a.m. on the LME. Prices are down 5.5 percent this month. Futures for delivery in July were little changed at $3.2255 a pound on the Comex in New York.

For Indian commodity MCX Copeer we recommend it to Sell around 381.20. It seems to follow negative line till the level of 377.75

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Copper Updates London copper slipped on Wednesday, partially reversing gains of more than 1 percent in the prior session, as anti-austerity protests in Spain revived concerns over the euro zone debt crisis and the demand outlook for industrial metals. The protests in Spain, where the government is likely to set a fresh timetable for economic reforms later this week, highlight the country's financing challenges and stirred doubts among investors about whether it would have the political will to apply for an official bailout. Three-month copper on the London Metal Exchange was down 0.8 percent at $8,210.50 per tonne by 0705 GMT, after rising 1.1 percent in the previous session. In MCX Commodity expert feel copper, Rs 440 per kilogram is holding over the last couple of trading days despite the negative fundamentals. He believes that on the upside, the resistance near Rs 446 per kilogram remains strong.