COMEX Copper futures stayed well supported today, rising for a second session as a bounce from one month low extended. The red metal currently quotes at $4.42 per pound, up 1% on the day. In equities, Asian markets were mixed while European markets slipped around half a percent on the day. General trend remains supportive for risky assets though as China cut interest rates. The US stocks moved mostly higher on Friday. Nasdaq led while Dow ended modestly higher at a new record closing high. On MCX, Copper futures are trading at Rs 827 per kg, up 0.57% on the day after hitting a high of around Rs 832 per kg in intraday moves.

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