Nickel futures up on rising demand : 06/09/2018
Nickel futures up on rising demand
06/09/2018 12:01
Nickel futures were trading higher during the noon trade in the domestic market on Thursday 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 September 2018 contract is trading at Rs 895.40 per kg, up by 0.13 per cent, after opening at Rs 896, against a previous close of Rs 894.20. It touched the intra-day high of Rs 899 (at 12:04 hours).
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Nickel futures up on rising demand
06/09/2018 12:01
Nickel futures were trading higher during the noon trade in the domestic market on Thursday 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 September 2018 contract is trading at Rs 895.40 per kg, up by 0.13 per cent, after opening at Rs 896, against a previous close of Rs 894.20. It touched the intra-day high of Rs 899 (at 12:04 hours).
