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Nickel futures fall 0.35% on profit-booking

Press Trust of India  |  New Delhi 

futures traded 0.35 per cent lower at Rs 1,039.50 per kg today as participants reduced their exposure to book profit amid muted demand from alloy-makers and weak global cues.

At the Multi Commodity Exchange, for delivery in June fell Rs 3.60, or 0.35 per cent, to Rs 1,039.50 per kg, in a business turnover of 358 lots.

Also, for delivery in July was trading Rs 3.70, or 0.35 per cent lower at Rs 1,043.60 per kg in 30 lots.

Market analysts said apart from weak global cues, profit-booking and subdued demand from alloy-makers, led to the fall in prices in futures trade.

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

First Published: Mon, June 11 2018. 10:55 IST