Nickel futures slip on profit-booking, muted spot demand

Image
Press Trust of India New Delhi
Last Updated : Sep 07 2017 | 11:48 AM IST
Nickel traded 0.18 per cent lower at Rs 781 per kg in futures trade today due to profit-booking by speculators and subdued domestic demand.
In futures trading at the Multi Commodity Exchange, nickel for delivery in September was trading down by Rs 1.40, or 0.18 per cent, at Rs 781 per kg in a business turnover of 1,154 lots.
The metal for delivery October was also down by Re 1, or 0.13 per cent, to Rs 785.60 per kg in a business turnover of 14 lots.
Analysts said nickel prices fell due to a weak demand from alloy-makers at domestic spot markets.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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

More From This Section

First Published: Sep 07 2017 | 11:48 AM IST

Next Story