 "Nickel falls by 1.5% amid a weak trend overseas")
Nickel futures eased 1.55% to Rs 700.80 per kg today as participants reduced their exposure amid a weak trend overseas.
At Multi Commodity Exchange, nickel for delivery in August fell Rs 11, or 1.55%, to Rs 700.80 per kg in a business turnover of 1,777 lots.
The metal for delivery in September fell Rs 10.40, or 1.45%, to trade at Rs 708.50 per kg in a turnover of 84 lots.
Market analysts said besides subdued spot demand at the domestic market, a weak trend in select base metals overseas after manufacturing data in China highlighted weak demand in the world's biggest metal consumer, weighed on nickel futures prices here.
At Multi Commodity Exchange, nickel for delivery in August fell Rs 11, or 1.55%, to Rs 700.80 per kg in a business turnover of 1,777 lots.
The metal for delivery in September fell Rs 10.40, or 1.45%, to trade at Rs 708.50 per kg in a turnover of 84 lots.
Also Read
Globally, nickel dropped 1.5% at the London Metal Exchange.
Market analysts said besides subdued spot demand at the domestic market, a weak trend in select base metals overseas after manufacturing data in China highlighted weak demand in the world's biggest metal consumer, weighed on nickel futures prices here.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%