Upbeat physical demand lifts Nickel
08/05/2015 12:14
Nickel futures rose in the domestic market on Friday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for Nickel in the domestic spot market.
Investors cast aside tepid China data which showed a 6.2 per cent slump in April exports and a 16.1 per cent slide in imports while German industrial output fell 0.5 per cent in March, as a global slowdown threatens to curb demand.
At the MCX, Nickel futures for May 2015 contract is trading at Rs 916.40 per 1 kg, up by 0.77 per cent after opening at Rs 912, against the previous closing price of Rs 909.40. It touched the intra-day high of Rs 919.50. (At 12:06 PM).
08/05/2015 12:14
Nickel futures rose in the domestic market on Friday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for Nickel in the domestic spot market.
Investors cast aside tepid China data which showed a 6.2 per cent slump in April exports and a 16.1 per cent slide in imports while German industrial output fell 0.5 per cent in March, as a global slowdown threatens to curb demand.
At the MCX, Nickel futures for May 2015 contract is trading at Rs 916.40 per 1 kg, up by 0.77 per cent after opening at Rs 912, against the previous closing price of Rs 909.40. It touched the intra-day high of Rs 919.50. (At 12:06 PM).
