Nickel futures gain on upsurge in demand 29/08/2016 17:17


Nickel futures gain on upsurge in demand
29/08/2016 17:17
Nickel futures were trading higher during the evening trade in the domestic market on Monday as speculators widened their bets on uptick in demand from alloy-makers at the domestic spot market.
Further, fresh positions created by traders due to pick-up in demand from alloy-makers at the spot market mainly influenced nickel prices at futures trade. At the MCX, nickel futures for August 2016 contract is trading at Rs 661.10 per kg, up by 0.65 per cent, after opening at Rs 657.30, against a previous close of Rs 656.80. It touched the intra-day high of Rs 661.40 (at 17:10 hours).
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