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Nickel futures succumb to profit-booking, down 0.97%

Press Trust of India  |  New Delhi 

Nickel futures traded 0.97 per cent lower at Rs 784.40 per kg today as participants reduced their exposure to book profits amid November's month expiry tomorrow.

At the Multi Commodity Exchange, nickel for delivery in December month fell by Rs 7.70, or 0.97 per cent, to Rs 784.40 per kg, in a business turnover of 110 lots.

Also, metal for delivery this month fell by Rs 7.50, or 0.95 per cent, to trade at Rs 780 per kg in 267 lots.

Market analysts said profit-booking and squaring-up of positions ahead of November month expiry tomorrow, mainly weighed on nickel futures but strength in base metals overseas, limited the fall.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, November 29 2016. 11:07 IST