Zinc Futures Rebound to Rs 325.8/kg After Early Slide on MCX

• Zinc futures for the February contract on MCX recovered to Rs 325.80 per kg after an initial fall.
• The metal opened lower, dropping by Rs 7.55 (2.4%) to an intraday low of Rs 312 per kg.
• A smart recovery saw prices rise by Rs 6.25 (1.96%) from the day's low.
• Traders engaged in bargain buying at lower levels, despite weakness in global base metal markets.
• Globally, zinc on the London Metals Exchange (LME) fell by USD 91.98 (2.71%) to USD 3,301.65 per 25 metric tonnes.

Why It Matters: Zinc futures on MCX showed a strong recovery due to bargain buying despite global market weakness.