Business Standard

Nickel down on sluggish spot demand

Gains on the LME limited losses

Related News

prices fell by Rs 8.20 to Rs 920.20 per kg in trading today as speculators reduced their positions on the back of sluggish demand from alloy makers.

However, gains in base metals at the London Metal Exchange restricted the losses.

At the MCX, nickel for delivery in June fell by Rs 8.20, or 0.88%, to Rs 920.20 per kg, with a business turnover of 5,196 lots.

The July contract declined by Rs 8, or 0.85%, to Rs 930.30 per kg in 416 lots.

Market analysts said sluggish demand from alloy-makers in the spot market, mainly put pressure on the nickel prices at futures trade but a firming trend overseas limited the losses.

Globally, nickel gained 0.9% to $16,380 a tonne on the London Metal Exchange.

Read more on:   
|
|
|
|
|

Read More

Lead futures gain 0.45% on global cues, spot demand

Lead futures prices today rose by 0.45% after participants created positions, taking positive cues from global markets.

Quick Links

 

Market News

HKEx aims to expand mini contracts to more metals and coal

Hong Kong Exchanges and Clearing Ltd (HKEx) plans to expand the range of its three "mini" contracts to include more base metals as well as coal, ...

Adverse market conditions forcing closure of oilseed crushers

Refiners prefer to import crude palm oil from Malaysia and Indonesia, finding this cheaper than local crushing

Muhurat trading: Sensex gains 64 points; Nifty ends at 8015

Markets gained for the fifth straight session to end the customary 'Muhurat' trading session held to usher in Samvat 2071 on a firm note

Financial Technologies gains 10% on heavy volumes

The stock zoomed 46% from its 52-week low of Rs 136 touched during intra-day on Wednesday.

PMC Fincorp soars over 25% in two days post stock split

The stock rallied 27% to Rs 213 from Rs 168 (adjusted to stock split) on October 22 on the Bombay Stock Exchange.

Back to Top