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

Metals fall on Opec's no-cut decision

Copper hits 8-month low on LME, bullion sheds 1%

Sebi in favor of companies formulating policy on dividends distribution

Cash-rich companies may soon have to give a justification for sitting on their cash pile

Markets end at record closing highs on rate cut hopes

The total investor wealth in Indian stock market today hit a record high of Rs 100 trillion

Sensex, Nifty end 1% higher led by rate sensitive shares

The Sensex provisionally ended up 221 points at 28,660 and the Nifty ended up 85 points at 8,579

OPEC just gave the world its biggest QE

Falling crude prices is beneficial for most of the economies around the world apart from the ones that are producing them

Back to Top