Business Standard

Nickel down 0.53%

Firming trend at the LME restricted losses

Related News

Amid subdued spot markets demand, futures fell by 0.53% to Rs 938.70 per kg today as speculators trimmed their position.

However, a firming trend in the entire base metals at the London Metal Exchange restricted the losses.

At the MCX, nickel for delivery in June shed Rs 5, or 0.53%, to Rs 938.70 per kg, with a business turnover of 775 lots.

The July contract declined by Rs 4.90, or 0.52%, to Rs 945.60 per kg, with a business turnover of 158 lots.

Market analysts said sluggish demand from alloy-makers in the spot market weighed on nickel futures prices here but strength in the entire base metals pack at the limited the losses.

Nickel rose marginally 0.01% to $16,576 a tonne at the LME.

Read more on:   
|
|
|
|
|

Read More

Lead futures gain 0.45% on global cues, spot demand

Lead futures prices today rose by 0.45% after participants created positions, taking positive cues from global markets.

Quick Links

 

Market News

Market carries optimism into Samvat 2071

Sensex adds 63 points, Nifty closes above 8,000

Brisk gold jewellery sale seen this Diwali

Wait for a price fall seems to have ended for now, trade expects demand revival to continue for some months

Fund Pick: Franklin India

High growth companies' Fund delivering superior returns

NAFED to invite EoI for import of 25K tonnes potatoes

Potato prices have shown a rising trend during the recent weeks and the commodity is being retailed at Rs 35-40 per kg in the National Capital

Debt mutual funds see outflow of Rs 67,000 cr in Sept

In comparison, equity mutual fund schemes attracted a net amount of Rs 7,789 crore during the month

Back to Top