Nickel futures succumb to profit-booking, down 0.81% : 16/10/2018
Nickel futures succumb to profit-booking, down 0.81%
16/10/2018 12:16
Nickel futures were trading lower during the noon trade in the domestic market on Tuesday as participants reduced their exposure to book profits amid weak global cues.
Market analysts said profit-booking coupled with a weak trend in select base metals overseas mainly weighed on nickel futures.
At the MCX, nickel futures for October 2018 contract is trading at Rs 918.30 per kg, down by 0.81 per cent, after opening at Rs 921.20, against a previous close of Rs 925.80. It touched the intra-day low of Rs 914.0 (at 12:10 hours).
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Nickel futures succumb to profit-booking, down 0.81%
16/10/2018 12:16
Nickel futures were trading lower during the noon trade in the domestic market on Tuesday as participants reduced their exposure to book profits amid weak global cues.
Market analysts said profit-booking coupled with a weak trend in select base metals overseas mainly weighed on nickel futures.
At the MCX, nickel futures for October 2018 contract is trading at Rs 918.30 per kg, down by 0.81 per cent, after opening at Rs 921.20, against a previous close of Rs 925.80. It touched the intra-day low of Rs 914.0 (at 12:10 hours).
