Nickel down by 0.3% on global trend
Speculators trimmed positions amid a weak global trend
 "Nickel down by 0.3% on global trend")
Nickel futures traded lower by 0.33% to Rs 977.90 per kg today on a weakening trend overseas as speculators trimmed positions.
At the Multi Commodity Exchange, nickel for delivery in current month weakened by Rs 3.20, or 0.33%, to Rs 977.90 per kg in a business turnover of 537 lots.
Similarly, the metal for delivery in January 2015 traded lower by Rs 3.10, or 0.31%, to Rs 984.30 per kg in 25 lots.
Market analysts said metal's weakness at the London Metal Exchange mainly weighed on nickel prices in futures trade here.
At the Multi Commodity Exchange, nickel for delivery in current month weakened by Rs 3.20, or 0.33%, to Rs 977.90 per kg in a business turnover of 537 lots.
Similarly, the metal for delivery in January 2015 traded lower by Rs 3.10, or 0.31%, to Rs 984.30 per kg in 25 lots.
Market analysts said metal's weakness at the London Metal Exchange mainly weighed on nickel prices in futures trade here.