Nickel futures up on rising demand
28/12/2017
28/12/2017 17:00
Nickel futures were trading higher during the evening trade in the domestic market on Thursday 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 777.30 per kg, up by 0.95 per cent, after opening at Rs 766.70, against a previous close of Rs 770. It touched the intra-day high of Rs 789.20(at 17:04 hours).
28/12/2017
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Nickel futures up on rising demand28/12/2017 17:00
Nickel futures were trading higher during the evening trade in the domestic market on Thursday 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 777.30 per kg, up by 0.95 per cent, after opening at Rs 766.70, against a previous close of Rs 770. It touched the intra-day high of Rs 789.20(at 17:04 hours).
