Nickel futures slip 0.59% on profit-booking
13/07/2018
Nickel futures slip 0.59% on profit-booking
13/07/2018 12:07
Nickel futures were trading lower during the noon trade in the domestic market on Friday as speculators booked profits, driven by easing demand in the spot market.
Analysts said besides profit-booking by traders, fall in demand from alloy-makers in the physical markets weighed on nickel prices in futures trade.
At the MCX, nickel futures for July 2018 contract is trading at Rs 964.80 per kg, down by 0.59 per cent, after opening at Rs 968.60, against a previous close of Rs 970.40. It touched the intra-day low of Rs 963.6 (at 12:10 hours).
13/07/2018
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Nickel futures slip 0.59% on profit-booking
13/07/2018 12:07
Nickel futures were trading lower during the noon trade in the domestic market on Friday as speculators booked profits, driven by easing demand in the spot market.
Analysts said besides profit-booking by traders, fall in demand from alloy-makers in the physical markets weighed on nickel prices in futures trade.
At the MCX, nickel futures for July 2018 contract is trading at Rs 964.80 per kg, down by 0.59 per cent, after opening at Rs 968.60, against a previous close of Rs 970.40. It touched the intra-day low of Rs 963.6 (at 12:10 hours).
