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.

Quick Links

 

Market News

Recovery process gathers momentum at NSEL

MPID Court directs asset sale of NSEL defaulter Metkore worth around Rs. 95 crore

Videocon d2h files fresh papers for Rs 700-cr IPO

Videocon d2h Ltd, the satellite television arm of the Videocon Group, has filed fresh papers with the Securities and Exchange Board of India ...

Sensex posts second weekly fall; flows, earnings awaited

The BSE Sensex fell on Wednesday, with blue chips such as ITC retreating, as traders refrained from building positions ahead of an extended ...

Decoding India Inc's equity capital-raising trend

Banks lead the chargeMost big-ticket issuances were from the financial sector

Petrochemicals prices start correcting

Polyester yarn industry worst affected, bearish outlook for benzene

Back to Top