Zinc Futures Ended Lower in the Domestic Market

Zinc futures ended lower in the domestic market on Tuesday as investors and speculators exited positions in the industrial metal amid weak physical desired for zinc in the domestic spot market. Investors cast aside upbeat German data which showed a rise in investor confidence to a one year maximum in February in Europe’s largest economy, lifting the desired outlook for industrial metals. The gauge measuring German investor sentiment increased to 53 in February from 48.4 in January. At the MCX, Zinc futures for February 2015 contract ended at Rs 130.45/1 kg, downward by 2.36 % after opening at Rs 133.4, against the last ending price of Rs 133.6. It touched the intraday low of Rs 130.35 till the ending.