Nickel futures slide 0.96% on muted demand
03/01/2018
03/01/2018 12:38
Nickel futures were trading lower during the noon trade in the domestic market on Wednesday as traders reduced exposure, taking negative cues from spot market on fall in demand.
Analysts said cutting down of positions by participants on the back of easing demand from alloy-makers in the physical market, mainly influenced nickel prices at futures trade.
At the MCX, nickel futures for January 2018 contract is trading at Rs 796 per kg, down by 0.96 per cent, after opening at Rs 800, against a previous close of Rs 803.70. It touched the intra-day low of Rs 793(at 12:40 hours)
03/01/2018
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Nickel futures slide 0.96% on muted demand03/01/2018 12:38
Nickel futures were trading lower during the noon trade in the domestic market on Wednesday as traders reduced exposure, taking negative cues from spot market on fall in demand.
Analysts said cutting down of positions by participants on the back of easing demand from alloy-makers in the physical market, mainly influenced nickel prices at futures trade.
At the MCX, nickel futures for January 2018 contract is trading at Rs 796 per kg, down by 0.96 per cent, after opening at Rs 800, against a previous close of Rs 803.70. It touched the intra-day low of Rs 793(at 12:40 hours)
