Uptick in demand lifts nickel futures by 1.28%
16/08/2016 10:55
Nickel futures were trading higher during the morning trade in the domestic market on Tuesday as investors and speculators widened their positions amid a surge in demand from alloy-makers at the domestic spot market. Further, an increase in domestic demand from alloy-makers at the domestic spot markets, supported the uptrend in nickel prices at futures trade. At the MCX, nickel futures for August 2016 contract is trading at Rs 697.50 per kg, up by 1.28 per cent, after opening at Rs 693.20, against a previous close of Rs 688.70. It touched the intra-day high of Rs 698.10 (at 10:50 hours).
