Sluggish demand drags down nickel futures by 1.32%
26/09/2016 12:14
Nickel futures were trading lower during the noon trade in the domestic market on Monday as investors and speculators trimmed their bets amid muted physical demand from alloy-makers at the domestic spot market. Further, a slide in domestic demand from alloy-makers at the spot markets, influenced the downtrend in nickel prices at futures trade. At the MCX, nickel futures for September 2016 contract is trading at Rs 697 per kg, down by 1.32 per cent, after opening at Rs 705, against a previous close of Rs 706.30. It touched the intra-day low of Rs 696.30 (at 12:09 hours).
26/09/2016 12:14
