Nickel futures up on increasing demand
20/12/2017
20/12/2017 13:00
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 December 2017 contract is trading at Rs 756 per kg, up by 0.51 per cent, after opening at Rs 753.60, against a previous close of Rs 752.20. It touched the intra-day high of Rs 756.20(at 13:05 hours).
20/12/2017
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Nickel futures up on increasing demand20/12/2017 13:00
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 December 2017 contract is trading at Rs 756 per kg, up by 0.51 per cent, after opening at Rs 753.60, against a previous close of Rs 752.20. It touched the intra-day high of Rs 756.20(at 13:05 hours).
