Business Standard

Nickel down 0.6% on weak global cues

Sluggish demand influences prices

Related News

futures prices fell by 0.61% to Rs 963.80 per kg today, tracking a weakening trend in base metals in the global markets.

At the Multi Commodity Exchange, nickel for delivery in December traded Rs 5.90, or 0.61%, to Rs 963.80 per kg in a turnover of 5,116 lots.

January nickel declined by Rs 5.40, or 0.55%, to Rs 969.70 per kg, with a business turnover of 464 lots.

Market participants said apart from sluggish demand from alloy-makers, weakness in base metals at the London Metal Exchange (LME) amid concerns that budget negotiations deteriorated in the US put pressure on nickel futures here.

Read more on:   
|
|

Read More

Zinc marginally up by 0.13%

Zinc futures prices rose marginally by 0.13% to Rs 112.65 per kg in futures trade today as speculators enlarged positions.

Recommended for you

Advertisements

Quick Links

Market News

ICRA gains after Q3 net up 21%

Net profit for the quarter ended December 2014 was up 21% at Rs 18 crore helped by strong growth in other income.

IDFC slips 2% on weak Q3 results

The stock opened at Rs 171 and touched a low of Rs 164 on the NSE

Cardamom down on profit-booking

Speculators booked profits at prevailing higher levels amid subdued spot demand

Crude palm oil gains by 0.5% on spot demand

Participants created speculative positions on rising demand in spot markets

Silver futures gain on fresh positions

Speculators created fresh positions even as the metal weakened in overseas markets

 

Back to Top