Nickel futures up on increasing demand
18/12/2017
18/12/2017 13:00
Nickel futures were trading higher during the afternoon trade in the domestic market on Monday 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 December 2017 contract is trading at Rs 743.40 per kg, up by 0.58 per cent, after opening at Rs 741.30, against a previous close of Rs 739.10. It touched the intra-day high of Rs 745.80(at 13:07 hours).
18/12/2017
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Nickel futures up on increasing demand18/12/2017 13:00
Nickel futures were trading higher during the afternoon trade in the domestic market on Monday 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 December 2017 contract is trading at Rs 743.40 per kg, up by 0.58 per cent, after opening at Rs 741.30, against a previous close of Rs 739.10. It touched the intra-day high of Rs 745.80(at 13:07 hours).
