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Nickel down 0.31% in futures trade on subdued spot demand

Press Trust of India  |  New Delhi 

prices fell by 0.31 per cent to Rs 773.60 per kg in futures trade Tuesday after participants reduced their exposure amid weak demand from alloy-makers in the domestic spot market and subdued global cues.

In futures trading at the Multi Commodity Exchange, for delivery in current month declined by Rs 2.40, or 0.31 per cent, to Rs 773.60 per kg, in a business turnover of 1,535 lots.

Marketmen attributed the fall in prices in futures trade to subdued demand from alloy-makers at the domestic spot markets and weakness in the base metals pack overseas.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 08 2019. 10:50 IST