Zinc bulls in control
Zinc futures rose during noon trade in the domestic market on Friday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for zinc in the domestic spot market.
Further, upbeat US economic data bolstered the demand outlook for the metal as jobless claims fell to a five-week low, down by 1,000 to 261,000 last week and orders for business equipment in July climbed the most since January, up 1.6 per cent from June.
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