Nickel futures up on pickup in demand
01/11/2017 13:01
Analysts attributed rise in nickel futures to building-up of positions by traders due to pick up in demand from alloy- makers in the spot market.
At the MCX, nickel futures for November 2017 contract is trading at Rs 819.20 per kg, up by 2.39 per cent, after opening at Rs 810.30, against a previous close of Rs 800.10. It touched the intra-day high of Rs 824(at 13:07 hours).
01/11/2017 13:01
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Nickel futures were trading higher during the afternoon trade in the domestic market on Wednesday as participants widened their bets, driven by pick-up in demand in the spot market.Analysts attributed rise in nickel futures to building-up of positions by traders due to pick up in demand from alloy- makers in the spot market.
At the MCX, nickel futures for November 2017 contract is trading at Rs 819.20 per kg, up by 2.39 per cent, after opening at Rs 810.30, against a previous close of Rs 800.10. It touched the intra-day high of Rs 824(at 13:07 hours).
