Nickel futures soften 0.43 pc on profit-booking

Nickel prices were trading lower by 0.43 per cent to Rs 807.60 per kg in futures trade today as speculators cut down their holdings to book profits.
At the Multi Commodity Exchange, nickel for delivery in January fell by Rs 3.50, or 0.43 per cent, to Rs 807.60 per kg in a business turnover of 1,816 lots.
Likewise, the metal for delivery in February was trading lower by Rs 3.30, or 0.40 per cent, to Rs 812.50 per kg in 319 lots.
Marketmen said profit-booking by participants at prevailing levels, mainly kept pressure on nickel prices at futures trade here.