Upbeat physical demand lifts Nickel
13/04/2015 12:31
Nickel futures rose in the domestic market on Monday as investors and speculators booked fresh positions in the industrial metal amid a pickup in demand for nickel from alloy-makers in the domestic spot market.
Further, hopes that China, the world’s biggest metals consumer, may accelerate stimulus to help spur economic growth also supported Nickel, as the country’s imports and exports slid in March, prompting further policy easing bets.
At the MCX, Nickel futures for April 2015 contract is trading at Rs 799 per 1 kg, up by 0.91 per cent after opening at Rs 790.30, against the previous closing price of Rs 791.80. It touched the intra-day high of Rs 800.50. (At 12:15 PM).
13/04/2015 12:31
Nickel futures rose in the domestic market on Monday as investors and speculators booked fresh positions in the industrial metal amid a pickup in demand for nickel from alloy-makers in the domestic spot market.
Further, hopes that China, the world’s biggest metals consumer, may accelerate stimulus to help spur economic growth also supported Nickel, as the country’s imports and exports slid in March, prompting further policy easing bets.
At the MCX, Nickel futures for April 2015 contract is trading at Rs 799 per 1 kg, up by 0.91 per cent after opening at Rs 790.30, against the previous closing price of Rs 791.80. It touched the intra-day high of Rs 800.50. (At 12:15 PM).
