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Published on 12/10/2018 2:08:35 PM | Source: Dion Global Solutions Ltd

Nickel futures climb 0.80 % on spot demand

Posted in Commodity Top News| #MCX #Commodity #Nickel

Nickel futures were trading higher during the noon trade in the domestic market on Friday as speculators increased their positions, taking positive cues from spot market on soaring demand. Analysts attributed rise in nickel futures to a fresh positions built up by traders after an uptick in demand from alloy-makers at domestic spot markets.

At the MCX, nickel futures for October 2018 contract is trading at Rs 943.70 per kg, up by 0.80 per cent, after opening at Rs 937.40, against a previous close of Rs 936.20. It touched the intra-day high of Rs 947.6 .