Mumbai, Dec. 30 -- COMEX copper rebounded well on Tuesday morning in Asia following a sharp pullback in the previous session. US equities witnessed a decline as traders looked to book profits at higher levels. The Dow fell 249.04 points or 0.5 percent to 48,461.93. the Nasdaq slid 118.75 points or 0.5 percent to 23,474.35 and the S&P 500 declined 24.20 points or 0.4 percent to 6,905.74. Sustained weakness in dollar is also supporting the counter. Currently, the red metal is quoting at $5.70 per pound, up 2.5% on the day following a near 5% slide yesterday.
Published by HT Digital Content Services with permission from Capital Market....