Mumbai, April 25 -- COMEX Copper futures are staying range bound as positive cues from equities are offset by rebound in dollar overseas. Besides, falling copper inventories also kept the red metal supported. The counter is currently up 0.46% on the day at $4.87 per pound. In overnight US equities, the Nasdaq and the S&P 500 finished the session at their best closing levels since the day President Donald Trump initially announced his reciprocal tariff plan. The Nasdaq spiked 457.99 points or 2.7 percent to 17,166.04, the S&P 500 surged 108.91 points 2.0 percent at 5,484.77 and the Dow jumped 486.83 points or 1.2 percent to 40,093.40.MCX Copper is seen supported above Rs 860 per kg.
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