Mumbai, March 4 -- COMEX Copper futures saw good gains yesterday, rising around 1% in intraday moves amid mostly steady cues from equities and a slide in LME Copper inventories during last week. Chinese manufacturing data also boosted sentiments. The red metal also benefited from the weakness in US dollar and consolidated around$4.60 per pound. China's manufacturing economy expanded at a faster rate in February. The headline seasonally adjusted Purchasing Managers' Index (PMI) improved to a three-month high of 50.8 in February. That was up from January's 50.1 and represented the best outcome for the headline index since last November.
Published by HT Digital Content Services with permission from Capital Market....