Nickel futures succumb to profit-booking, shed 0.77%
At the Multi Commodity Exchange, nickel for delivery in December fell Rs 5.90, or 0.77 per cent, to Rs 764.10 per kg in a business turnover of 137 lots.
Likewise, the metal for delivery in January contracts was trading down by Rs 5.60, or 0.72 per cent, at Rs 769.10 per kg in 2 lots.
Analysts said that besides profit-booking by participants, fall in demand from alloymakers at the domestic spot market mainly led to the decline in futures.
Disclaimer: No Business Standard Journalist was involved in creation of this content