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Published on 17/04/2018 2:24:40 PM | Source: Dion Global Solutions Ltd

Nickel futures up on pickup in demand

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

Nickel futures were trading higher during the noon trade in the domestic market on Tuesday as participants widened their bets, driven by pick-up in demand in the spot market. Analysts attributed rise in nickel futures to building-up of positions by traders due to pick up in demand from alloy- makers in the spot market.

At the MCX, nickel futures for April 2018 contract is trading at Rs 931 per kg, up by 0.42 per cent, after opening at Rs 925.20, against a previous close of Rs 927.10. It touched the intra-day high of Rs 935.70