Nickel down 0.6% on weak global cues

Sluggish demand influences prices

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.

image
Business Standard
177 22
Business Standard

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 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.

RECOMMENDED FOR YOU

Nickel down 0.6% on weak global cues

Sluggish demand influences prices

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

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.

image
Business Standard
177 22

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

More News

STOCK WATCH

Company Price() Chg(%)
Bajaj Electrical 263.85 9.60
Capital First 747.90 7.46
Transport Corp. 373.45 6.90
Allcargo Logist. 203.45 6.74
WABCO India 6069.50 6.43
> More on BSE Gainers
Company Price() Chg(%)
Bajaj Electrical 264.00 9.20
Capital First 747.40 7.81
Snowman Logistic 90.55 6.84
Allcargo Logist. 203.50 6.66
WABCO India 6088.15 6.52
> More on NSE Gainers
Company Price() Chg(%)
JM Financial 68.95 -8.43
T N Newsprint 282.85 -5.84
GIC Housing Fin 314.45 -4.63
Sintex Inds. 77.65 -3.78
Hatsun AgroProd. 326.95 -3.74
> More on BSE Gainers
Company Price() Chg(%)
JM Financial 69.20 -7.86
T N Newsprint 282.90 -5.73
Castex Tech 14.60 -4.89
Somany Ceramics 600.05 -4.09
Orissa Minerals 2253.25 -3.83
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard