Nickel futures up on increasing demand
28/08/2018
Nickel futures up on increasing demand
28/08/2018 16:06
Nickel futures were trading higher during the evening trade in the domestic market on Tuesday as speculators increased their positions, taking positive cues from spot market on soaring demand.
Analysts said, widening of positions by traders on the back of rising demand from alloy-makers at domestic spot markets and a firm trend overseas kept nickel prices higher in futures trade.
At the MCX, nickel futures for August 2018 contract is trading at Rs 946.20 per kg, up by 1.50 per cent, after opening at Rs 931.50, against a previous close of Rs 932.20. It touched the intra-day high of Rs 947.30 (at 16:07 hours).
28/08/2018
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Nickel futures up on increasing demand
28/08/2018 16:06
Nickel futures were trading higher during the evening trade in the domestic market on Tuesday as speculators increased their positions, taking positive cues from spot market on soaring demand.
Analysts said, widening of positions by traders on the back of rising demand from alloy-makers at domestic spot markets and a firm trend overseas kept nickel prices higher in futures trade.
At the MCX, nickel futures for August 2018 contract is trading at Rs 946.20 per kg, up by 1.50 per cent, after opening at Rs 931.50, against a previous close of Rs 932.20. It touched the intra-day high of Rs 947.30 (at 16:07 hours).
