Nickel down 0.16% on weak global markets

Sluggish demand from alloy-makers triggered the downtrend

The nickel futures for January traded Rs 1.50, or 0.16% lower at Rs 953.90 per kg, in 5,912 lots at the Multi Commodity Exchange today.

The February contract declined by Rs 1.40, or 0.15%, to Rs 960.70 per kg, in 521 lots.

Participants said sluggish demand from alloy makers, weakness in base metals at the London Metal Exchange triggered the downtred.