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Published on 19/09/2019 1:31:20 PM | Source: Dion Global Solutions Ltd

Nickel futures up on domestic demand

Posted in Top Stories| #Commodity #Nickel

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Nickel futures were trading higher during noon trade in the domestic market on Thursday as investors raised their positions driven by firm demand from alloy-makers in the spot market. Increase in demand at spot markets from alloy-makers supported price rise in nickel futures, analysts said.

At the MCX, nickel futures for September 2019 contract is trading at Rs 1230.80 per kg, up by 0.27per cent, after opening at Rs 1225.10, against a previous close of Rs 1227.50. It touched the intra-day high of Rs 1233.90 (at 12:45 hours).