Global cues lifts nickel futures by 0.94% 08/08/2016

Global cues lifts nickel futures by 0.94%
08/08/2016 15:30

Nickel futures were trading higher during the afternoon trade in the domestic market on Monday as participants widened positions taking positive cues from overseas market.
Further, a rise in domestic demand from alloy-makers at the domestic spot markets, too buoyed the up trend in nickel prices at futures trade. At the MCX, nickel futures for August 2016 contract is trading at Rs 723 per kg, up by 0.94 per cent, after opening at Rs 717.70, against a previous close of Rs 716.30. It touched the intra-day high of Rs 724.70 (at 15:29 hours).