Strong German factory data lifts Nickel
10/04/2015 12:09
Nickel futures surged in the domestic market on Friday as investors and speculators booked fresh positions in the industrial metal as a rebound in German industrial output in February signaled a pickup in Europe’s biggest economy, lifting the demand outlook for industrial metals.
German industrial output climbed by 0.2 per cent in February from the previous month, when it fell 0.4 per cent.
At the MCX, Nickel futures for April 2015 contract is trading at Rs 795.90 per 1 kg, up by 1.71 per cent after opening at Rs 788.10, against the previous closing price of Rs 782.50. It touched the intra-day high of Rs 796.90. (At 11:53 AM).
10/04/2015 12:09
Nickel futures surged in the domestic market on Friday as investors and speculators booked fresh positions in the industrial metal as a rebound in German industrial output in February signaled a pickup in Europe’s biggest economy, lifting the demand outlook for industrial metals.
German industrial output climbed by 0.2 per cent in February from the previous month, when it fell 0.4 per cent.
At the MCX, Nickel futures for April 2015 contract is trading at Rs 795.90 per 1 kg, up by 1.71 per cent after opening at Rs 788.10, against the previous closing price of Rs 782.50. It touched the intra-day high of Rs 796.90. (At 11:53 AM).
