Nickel futures little changed on sluggish demand
23/08/2016 10:48
Nickel futures were little changed during the morning trade in the domestic market on Tuesday as speculators cut down their bets amid sluggish demand from alloy-makers at the domestic spot market. Further, a drop in domestic demand from alloy-makers at the domestic spot markets, influenced the downtrend in nickel prices at futures trade. At the MCX, nickel futures for August 2016 contract is trading at Rs 687.60 per kg, down by 0.07 per cent, after opening at Rs 686.10, against a previous close of Rs 688.10. It touched the intra-day low of Rs 686.10 (at 10:47 hours).
