COMEX copper is holding well above $5 per pound mark after having hit another fresh lifetime high in the previous session as markets eyed the US tariffs on imports of the metal. Falling copper inventories and China stimulus optimism is also keeping the red metal supported. However, weakness in overnight equities could limit upside in the commodity. The Nasdaq plunged 372.84 points or 2.0 percent to 17,889.01, the S&P 500 slumped 64.45 points or 1.1 percent to 5,712.20 and the Dow fell 132.71 points or 0.3 percent to 42,454.79. Currently, the counter is quoting at $5.26 per pound, up 0.45% on the day. On the MCX, copper is staying well supported above Rs 900 per kg mark.

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