Nickel drops on lower industrial demand

Elsewhere, select copper prices also softened on lower offtake from consumer industries.

Meanwhile, brass sheet cutting and copper sheet cutting gained on better demand from industrial users.

The industrial metals rebounded at the LME on good demand though trading was cautious amid political and economic uncertainty in Europe.

Nickel fell by Rs 5 per kg to Rs 1,090 from Monday's closing level of Rs 1,095.

Copper armiture and copper utensils both inched down by a rupee per kg to Rs 467 and Rs 439.

However, brass sheet cutting moved up by Rs 2 per kg to Rs 330 from Rs 328 previously.

Copper sheet cutting edged up by rupee per kg to Rs 462. PTI ARR PAK