Nickel in higher gear on firm physical demand
03/08/2016 16:07
A pickup in the 19-member Euro Area economy also bolstered the demand outlook for the metal as a combined gauge measuring manufacturing and services in the Euro area climbed to 53.2 in July from 53.1 in June, with a reading above 50 signaling expansion.
At the MCX, nickel futures for August 2016 contract is trading at Rs 719 per kg, up by 0.36 per cent, after opening at Rs 717.10, against a previous close of Rs 716.40. It touched the intra-day high of Rs 720 (at 16:03 PM).
