Nickel futures up on pickup in demand 19/04/2018

Nickel futures up on pickup in demand
19/04/2018


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Nickel futures up on pickup in demand
19/04/2018 13:01
Nickel futures were trading higher during the noon 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 April 2018 contract is trading at Rs 1072.50 per kg, up by 6.97 per cent, after opening at Rs 1019.80, against a previous close of Rs 1002.60. It touched the intra-day high of Rs 1095.20 (at 13:11 hours)