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Spot demand lifts nickel futures by 0.27%

Press Trust of India  |  New Delhi 

Nickel prices went up by 0.27 per cent to Rs 587.10 per kg in futures trade today as speculators raised their bets, driven by a firming trend at the domestic spot markets.

In futures trading at the Multi Commodity Exchange, nickel for delivery in July spurted Rs 1.60 or 0.27 per cent to Rs 587.10 per kg in a business turnover of 41 lots.



Similarly, the metal for delivery in June was trading higher by Rs 1.40 or 0.24 per cent to Rs 581.50 per kg in 850 lots.

Analysts said widening of bets by participants largely on the back of increased demand from alloy-makers at domestic markets, mainly influenced nickel futures here.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Spot demand lifts nickel futures by 0.27%

Nickel prices went up by 0.27 per cent to Rs 587.10 per kg in futures trade today as speculators raised their bets, driven by a firming trend at the domestic spot markets. In futures trading at the Multi Commodity Exchange, nickel for delivery in July spurted Rs 1.60 or 0.27 per cent to Rs 587.10 per kg in a business turnover of 41 lots. Similarly, the metal for delivery in June was trading higher by Rs 1.40 or 0.24 per cent to Rs 581.50 per kg in 850 lots. Analysts said widening of bets by participants largely on the back of increased demand from alloy-makers at domestic markets, mainly influenced nickel futures here. Nickel prices went up by 0.27 per cent to Rs 587.10 per kg in futures trade today as speculators raised their bets, driven by a firming trend at the domestic spot markets.

In futures trading at the Multi Commodity Exchange, nickel for delivery in July spurted Rs 1.60 or 0.27 per cent to Rs 587.10 per kg in a business turnover of 41 lots.

Similarly, the metal for delivery in June was trading higher by Rs 1.40 or 0.24 per cent to Rs 581.50 per kg in 850 lots.

Analysts said widening of bets by participants largely on the back of increased demand from alloy-makers at domestic markets, mainly influenced nickel futures here.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Spot demand lifts nickel futures by 0.27%

Nickel prices went up by 0.27 per cent to Rs 587.10 per kg in futures trade today as speculators raised their bets, driven by a firming trend at the domestic spot markets.

In futures trading at the Multi Commodity Exchange, nickel for delivery in July spurted Rs 1.60 or 0.27 per cent to Rs 587.10 per kg in a business turnover of 41 lots.

Similarly, the metal for delivery in June was trading higher by Rs 1.40 or 0.24 per cent to Rs 581.50 per kg in 850 lots.

Analysts said widening of bets by participants largely on the back of increased demand from alloy-makers at domestic markets, mainly influenced nickel futures here.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22