Business Standard

Nickel down 0.53%

Firming trend at the LME restricted losses

Read more on:    Nickel | Commodities | Mcx | Lme | Industrial Metals | Global Cues
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 , 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

Retail investors have failed to sail in choppy waters

Majority of investors, however, have lacked strength average or even hold on to their investments when Sensex had declined to sub-10,000 levels ...

L&T Finance's asset stress rises

But improving profits of smaller subsidiaries are likely to sustain

Deepak Fertilisers: Boost in case of MCF acquisition

Deepak Fertilisers, earlier in July last year, had brought 24.45% stake in MCF

Edelweiss announces buyback at Rs 45 a share

The total amount on the buyback will not exceed Rs 135 cr

NSEL payments: HC orders creation of three-member monitoring panel

The three-member panel will negotiate with borrowers, FTIL and EOW on liquidation of borrowers' assets

Back to Top