Business Standard

Nickel futures up on positive spot cues


Press Trust of India New Delhi
Nickel prices were up by 0.43 per cent to Rs 948.80 per kg in futures trading today as speculators raised their bets, taking positive cues from spot market on pick up in demand.
At the Multi Commodity Exchange, nickel for delivery in August rose by Rs 4.10, or 0.43 per cent to Rs 948.80 per kg in a business turnover of 1,132 lots.
On similar lines, the metal for delivery in September contract Analysts said widening of positions by traders on the back of pick up in demand from alloy-makers at domestic spot markets, mainly led to a rise in nickel prices at futures trade. PTI KPS SUN s traded higher by Rs 3.80, or 0.40 per cent to Rs 953.50 per kg in 194 lots.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 30 2018 | 12:20 PM IST

Explore News