Pickup in demand lifts nickel futures by 0.35%
24/08/2016 10:44
Nickel futures were trading higher during the morning trade in the domestic market on Wednesday as investors and speculators build up fresh positions amid rise in demand from alloy-makers at the domestic spot market. Further, an increase in domestic demand from alloy-makers at the domestic spot markets, supported the uptrend in nickel prices at futures trade. At the MCX, nickel futures for August 2016 contract is trading at Rs 686.50 per kg, up by 0.35 per cent, after opening at Rs 685.30, against a previous close of Rs 684.10. It touched the intra-day high of Rs 687.60 (at 10:41 hours).
