Base metals were bickering between losses and gains on Friday, 27th January as the meeting between the Greece and its private creditors again to negotiate a debt-swap deal was pressurizing the dollar overshadowing the Feds pledge of lower interest rates for the next 2 years.

Comex Copper future for the most active March contract was trading at $3.9275 a pound, up 0.7% (3 cents). Likewise at MCX, Copper for delivery in February was surging by 1.5% or Rs 6.3 at Rs 429.45 per kg.

The dollar index was steady at 79.4 against the basket of 6 major currencies as the global uncertainties pertaining to the Greece debt restructuring pressurizing the risky assets.

Investors jitters pertaining to the agreement between the Greece and its private debt holders that has been again scheduled on Friday to finalize a deal to write down the countrys debt by 100 billion euros ($131 billion) was pressurizing the metals. Negotiations have been going on for two weeks, but a statement issued by the creditors committee reportedly showed progress after a day of meetings in Athens Thursday.

No deal has been reached, however, and talks have previously stalled over coupon-rate disputes of 4% by private bond holders and 3.75% by European finance ministers.

In the economic front, investors are also awaited for the US economic data such as Reuters/Michigan Consumer sentiment index and GDP price index for further cues to continue the trade for the day.

Among other metals in the domestic market at MCX, Nickel for delivery in January was strengthening by 2% or Rs 20.4 at Rs 1064.9 per kg. Aluminium was trading flat at Rs 111.05 per kg and lead was gaining by 0.9% or Rs 1.05 at Rs 113.5 per kg. Zinc was also flat at Rs 107.65 per kg.

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