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Nickel down 0.6% on weak global cues

Sluggish demand influences prices

Press Trust of India  |  New Delhi 

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

At the Multi Commodity Exchange, 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 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 futures here.

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