Published on 6/08/2019 4:53:22 PM | Source: Dion Global Solutions Ltd

Nickel futures rise on spot market

Posted in Top Stories| #Commodity #Nickel

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel 

Download Telegram App before Joining the Channel

Now Get news on WhatsApp. Click Here To Know More

Nickel futures were trading higher during afternoon trade in the domestic market on Tuesday after traders enlarged positions amid pick up in spot demand at domestic markets. Market analysts attributed the rise in nickel futures to widening of positions by participants, following rise in demand from alloy makers in physical markets. At the MCX, nickel futures for August 2019 contract is trading at Rs 1066.10 per kg, up by 0.12 per cent, after opening at Rs 1065.50, against a previous close of Rs 1064.80. It touched the intra-day high of Rs 1070.90 (at 15:55 hours).