Nickel weakens 0.9% on spot demand

Nickel futures for February traded Rs 8.50, or 0.93% lower to Rs 910.10 per kg in 9,449 lots.

At the Multi Commodity Exchange (MCX), the March shed Rs 8, or 0.87% to Rs 916.40 per kg in 1,865 lots.

Amid a weak global trend and subdued domestic demand

Subdued domestic demand affected the trade.

Weak overseas market trends kept pressure on nickel futures trade here.

ON the London Metal Exchange (LME), nickel fell 0.3% to $16,930 a tonne.