Pickup in demand lifts nickel futures by 0.33%
07/09/2016 10:51
Nickel futures were trading higher during the morning trade in the domestic market on Wednesday as investors and speculators build up fresh positions amid pickup in demand from alloy-makers at the domestic spot market. Further, an increase in domestic demand from alloy-makers at the spot markets, supported the uptrend in nickel prices at futures trade. At the MCX, nickel futures for September 2016 contract is trading at Rs 673.40 per kg, up by 0.33 per cent, after opening at Rs 671.90, against a previous close of Rs 671.20. It touched the intra-day high of Rs 673.70 (at 10:49 hours).
