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Copper flat, firm equities support sentiments
(09-Feb-2026, 17:30 Hours IST)
Copper stayed largely supported today though a sustained rise in LME inventories capped gains. Equities were firm. Asian markets saw excellent gains. Shanghai Composite index jumped 1.41%. Hong Kong's Hang Seng index soared 1.76%. Japanese stocks hit fresh record highs after Prime Minister Sanae Takaichi's ruling party won a super majority in the lower house. Nikkei 225 index jumped 4.4%. European stocks edged higher with German DAX hitting two-week top. The Dow zoomed 2.5% to 50,115.67 on 6 February 2026, closing above 50000 mark for the first time. The index has zoomed around 12.70% over last one year. This rally in DOW had pushed up COMEX Copper than a percent on Friday and the metal is currently trading flat at $5.88 per pound. MCX Copper futures are trading at Rs 1243.80 per kg, up 0.08% on the day. The metal pulled back in afternoon trades after breaking under Rs 1250 per kg before witnessing some stability.

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