Nickel falls by 0.4% on profit-booking
Speculators locked in gains amid a weak trend in overseas markets
 "Nickel falls by 0.4% on profit-booking")
Nickel futures dropped 0.39% to Rs 889.30 per kg today as speculators locked in gains amid a weak trend in overseas markets.
At the Multi Commodity Exchange, nickel futures for delivery in March fell by Rs 3.50, or 0.39%, to Rs 889.30 per kg in a business turnover of 638 lots.
Nickel futures for delivery in April were down by Rs 3.30, or 0.37%, to trade at Rs 896.50 per kg in a turnover of 10 lots.
Weak sentiments in base metals and profit-booking pulled the metal prices down, said analysts, adding that a stronger US dollar at around 12-year high against the euro cut the appeal for metals traded in the currency.
At the Multi Commodity Exchange, nickel futures for delivery in March fell by Rs 3.50, or 0.39%, to Rs 889.30 per kg in a business turnover of 638 lots.
Nickel futures for delivery in April were down by Rs 3.30, or 0.37%, to trade at Rs 896.50 per kg in a turnover of 10 lots.
Weak sentiments in base metals and profit-booking pulled the metal prices down, said analysts, adding that a stronger US dollar at around 12-year high against the euro cut the appeal for metals traded in the currency.