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Nickel sheds 0.43% on weak global cues

Press Trust of India  |  New Delhi 

Tracking a weak trend overseas,

prices fell by 0.43 per cent to Rs 956 per kg in futures market Wednesday as participants cut down bets.

Furthermore, tepid demand from consuming industries particularly alloy-makers, at the domestic spot markets, weighed on the prices.

At the Multi Commodity Exchange, for delivery in current month was down by Rs 4.10, or 0.43 per cent to Rs 956 per kg in a business turnover of 49 lots.

Analysts attributed the fall in futures to a weak trend overseas where prices fell over one per cent and muted demand from alloy-makers at the domestic spot markets.

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

First Published: Wed, October 10 2018. 11:30 IST