Nickel futures up by 0.56% on uptick in demand
05/08/2016 17:00
Nickel futures were trading higher during the evening trade in the domestic market on Friday as participants widened their bets amid a pick up in demand from alloy-makers at the domestic spot market.
Further, a rise in domestic demand from alloy-makers at the domestic spot markets, buoyed the up trend in nickel prices at the futures trade. At the MCX, nickel futures for August 2016 contract is trading at Rs 712.30 per kg, up by 0.56 per cent, after opening at Rs 709.60, against a previous close of Rs 708.30. It touched the intra-day high of Rs 713.80 (at 16:58 hours).
05/08/2016 17:00
Further, a rise in domestic demand from alloy-makers at the domestic spot markets, buoyed the up trend in nickel prices at the futures trade. At the MCX, nickel futures for August 2016 contract is trading at Rs 712.30 per kg, up by 0.56 per cent, after opening at Rs 709.60, against a previous close of Rs 708.30. It touched the intra-day high of Rs 713.80 (at 16:58 hours).
