Nickel down 1.1% on profit booking
Metal for delivery in November traded lower by 0.2%
 "Nickel down 1.1% on profit booking")
Nickel prices fell by 1.15% to Rs 903 per kg in futures trade today as speculators booking profits driven by subdued demand from alloy-makers in the spot market.
At the Multi Commodity Exchange, nickel for delivery in December month fell by Rs 12.50, or 1.15%, to Rs 903 per kg in single lot.
Similarly, the metal for delivery in November traded lower by Rs 2, or 0.22%, to Rs 898.10 per kg in 375 lots.
Market analysts said besides profit bookings by speculators, sluggish demand from alloy-maker in the spot market mainly led to fall in nickel prices in futures trade.
At the Multi Commodity Exchange, nickel for delivery in December month fell by Rs 12.50, or 1.15%, to Rs 903 per kg in single lot.
Similarly, the metal for delivery in November traded lower by Rs 2, or 0.22%, to Rs 898.10 per kg in 375 lots.
Market analysts said besides profit bookings by speculators, sluggish demand from alloy-maker in the spot market mainly led to fall in nickel prices in futures trade.