Nickel futures marginally down on profit-booking

Nickel futures traded a shade lower at Rs 693.30 per kg today as participants reduced their exposure to book profits.

At the Multi Commodity Exchange, nickel for delivery in current month fell 50 paise, or 0.07 per cent, to Rs 693.30 per kg, in a business turnover of 995 lots.

Also, metal for delivery in October fell by a similar margin to trade at Rs 699.10 per kg in 889 lots.

Market analysts said profit-booking and squaring-up of positions, today being the last day of September expiry, mainly weighed on nickel futures.