Business Standard

Nickel down on sluggish spot demand

Gains on the LME limited losses

Press Trust of India  |  New Delhi 

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.

RECOMMENDED FOR YOU

Nickel down on sluggish spot demand

Gains on the LME limited losses

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

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.

image

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

Widgets Magazine

More News

STOCK WATCH

Company Price() Chg(%)
A B B 1098.25 3.61
Vaibhav Global 350.90 2.08
SE Investments 190.00 1.90
Guj Fluorochem 422.00 1.83
Prestige Estates 162.95 1.75
> More on BSE Gainers
Company Price() Chg(%)
A B B 1099.00 4.16
Prestige Estates 163.00 2.58
Guj Fluorochem 422.00 2.37
VRL Logistics 332.85 1.99
Vaibhav Global 350.70 1.92
> More on NSE Gainers
Company Price() Chg(%)
J Kumar Infra 279.90 -11.56
Alok Inds. 4.30 -10.97
8K Miles 1579.35 -10.63
Page Industries 10356.20 -10.60
Future Consumer 19.35 -10.21
> More on BSE Gainers
Company Price() Chg(%)
J Kumar Infra 276.20 -12.54
Alok Inds. 4.25 -11.46
Page Industries 10360.05 -10.22
Future Consumer 19.35 -10.21
Marksans Pharma 50.50 -10.14
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price