You are here: Home » PTI Stories » National » News
Business Standard

Nickle futures up 0.29% on pick up in demand, global cues

Press Trust of India  |  New Delhi 

Nickel prices went up by 0.29 per cent to Rs 690.10 per kg in futures trade today as speculators widened their positions, driven by pick up in demand at the domestic spot markets and a firm trend overseas.

In futures trading at the Multi Commodity Exchange, nickel for delivery in current month was trading higher by Rs 2 or 0.29 per cent to Rs 690.10 per kg in a business turnover of 586 lots.



Similarly, the metal for delivery in November month was trading higher by Rs 1.90 or 0.27 per cent to Rs 696 per kg in 31 lots.

Analysts said apart from rising demand from alloy-makers at domestic spot markets, a better trend in base metals at the Metal Exchange (LME) mainly supported the upside in nickel prices at futures trade here.

Globally, nickel rose 0.6 per cent at the LME.

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

RECOMMENDED FOR YOU

Nickle futures up 0.29% on pick up in demand, global cues

Nickel prices went up by 0.29 per cent to Rs 690.10 per kg in futures trade today as speculators widened their positions, driven by pick up in demand at the domestic spot markets and a firm trend overseas. In futures trading at the Multi Commodity Exchange, nickel for delivery in current month was trading higher by Rs 2 or 0.29 per cent to Rs 690.10 per kg in a business turnover of 586 lots. Similarly, the metal for delivery in November month was trading higher by Rs 1.90 or 0.27 per cent to Rs 696 per kg in 31 lots. Analysts said apart from rising demand from alloy-makers at domestic spot markets, a better trend in base metals at the London Metal Exchange (LME) mainly supported the upside in nickel prices at futures trade here. Globally, nickel rose 0.6 per cent at the LME. Nickel prices went up by 0.29 per cent to Rs 690.10 per kg in futures trade today as speculators widened their positions, driven by pick up in demand at the domestic spot markets and a firm trend overseas.

In futures trading at the Multi Commodity Exchange, nickel for delivery in current month was trading higher by Rs 2 or 0.29 per cent to Rs 690.10 per kg in a business turnover of 586 lots.

Similarly, the metal for delivery in November month was trading higher by Rs 1.90 or 0.27 per cent to Rs 696 per kg in 31 lots.

Analysts said apart from rising demand from alloy-makers at domestic spot markets, a better trend in base metals at the Metal Exchange (LME) mainly supported the upside in nickel prices at futures trade here.

Globally, nickel rose 0.6 per cent at the LME.

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

image
Business Standard
177 22

Nickle futures up 0.29% on pick up in demand, global cues

Nickel prices went up by 0.29 per cent to Rs 690.10 per kg in futures trade today as speculators widened their positions, driven by pick up in demand at the domestic spot markets and a firm trend overseas.

In futures trading at the Multi Commodity Exchange, nickel for delivery in current month was trading higher by Rs 2 or 0.29 per cent to Rs 690.10 per kg in a business turnover of 586 lots.

Similarly, the metal for delivery in November month was trading higher by Rs 1.90 or 0.27 per cent to Rs 696 per kg in 31 lots.

Analysts said apart from rising demand from alloy-makers at domestic spot markets, a better trend in base metals at the Metal Exchange (LME) mainly supported the upside in nickel prices at futures trade here.

Globally, nickel rose 0.6 per cent at the LME.

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

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard