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Nickel futures soften 0.74 pc on profit-booking

Press Trust of India  |  New Delhi 

prices fell 0.74 per cent to Rs 1,046.40 per kg in futures trade today amid profit-booking by speculators and easing demand at the domestic spot market.

At the Multi Commodity Exchange, for delivery in June fell by Rs 7.80, or 0.74 per cent, to Rs 1,046.40 per kg in a business turnover of 853 lots.

Likewise, the for delivery in July was trading lower by Rs 7.50, or 0.71 per cent, to Rs 1,050.70 per kg in 11 lots.

Marketmen said profit-booking by participants at current levels amid fall in demand from alloy-makers in the spot market mainly influenced prices at futures trade.

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

First Published: Thu, June 14 2018. 10:45 IST