Nickel falls 0.60pc on global cues, profit-booking

Nickel futures traded 0.60 per cent lower at Rs 932 per kg today as participants reduced exposure amid weak global cues and profit-booking.

At the Multi Commodity Exchange, nickel for delivery in June fell Rs 5.60, or 0.60 per cent, to Rs 932 per kg, in a business turnover of one lot.

Also, the metal for delivery in May was trading down Rs 4.60, or 0.49 per cent lower, at Rs 929.50 per kg in 230 lots.

Market analysts said, apart from profit-booking by participants, a weak trend in select base metals overseas, weighed on nickel futures.