Nickel down 0.2% on profit-booking

Profit-booking by speculators put pressure on nickel futures here

Press Trust of India New Delhi
Last Updated : Mar 06 2013 | 1:56 PM IST
Nickel futures for March traded Rs 1.60, or 0.17% lower, at Rs 913.90 per kg in 587 lots.     

At the Multi Commodity Exchange (MCX), the  April contract shed Rs 1.20, or 0.13%, to Rs 921.40 per kg in 62 lots.

Besides subdued domestic demand, profit-booking by speculators put pressure on nickel futures prices here.

speculators reduced their positions amid a weak spot demand.

The metal's strength in the global market, cushioned the fall.
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First Published: Mar 06 2013 | 1:55 PM IST

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