Nickel futures fall 0.94% on profit-booking

Nickel futures traded 0.94 per cent lower at Rs 623.90 per kg today as participants reduced their exposure to book profits amid muted demand from alloy- makers.
At the Multi Commodity Exchange, nickel for delivery in July fell Rs 5.80, or 0.94 per cent, to Rs 623.90 per kg, in a business turnover of 36,024 lots.
Also, metal for delivery in August was trading Rs 5.20, or 0.83 per cent lower at Rs 628 per kg in 3,068 lots.
Market analysts said profit-booking and subdued demand from from alloy-makers, led to the fall in nickel prices in futures trade.