Business Standard

Nickel rises 0.4% on spot demand, global cues

Related News

Supported by a firming trend at the London Metal Exchange (LME) and pick-up in domestic demand, prices rose by Rs 5 to Rs 1,002.30 per kg today.

At the Multi Commodity Exchange, the February contract for nickel rose by Rs 5, or 0.40%, to Rs 1,002.30 per kg, with a business turnover of 1,177 lots.

The March contract gained Rs 4, or 0.40%, to Rs 1,012 per kg, with an open interest of 224 lots.

Analysts said apart from a firming global trend, pick-up in demand from alloy-makers in the domestic spot markets mainly led to the rise in nickel prices at futures market.

Meanwhile, nickel gained 0.5% to $20,331 a tonne at the LME.

Read more on:   
|
|

Read More

Nickel futures drop 0.3% on sluggish demand

Nickel futures for March dropped by Rs 2.90, or 0.32% to Rs 907.20 per kg in 1,054 lots

Quick Links

 

Market News

Silver futures fall 0.3% on overseas cues

Speculators partially offloaded positions amidst a weak global trend

Crude oil falls by 0.1% on mixed global cues

Dealers have been digesting the downcast Chinese manufacturing data

Capital goods shares in demand; Index soars over 300 points

L&T, Crompton Greaves, Siemens, Alstom T&D, SKF India Lakshmi Machine Works and Suzlon Energy are up 2-5% on BSE.

Gold futures fall 0.25% on profit-booking

Speculators exit even as metal strengthens overseas

Maruti Suzuki hits record high on strong August sales

Total sales during August 2014 jumped 27% to 110,776 units compared to same month last year

Back to Top