Nickel futures up on rising demand
17/08/2017
Nickel futures were trading higher during the afternoon trade in the domestic market on Thursday as participants widened their bets, driven by pick-up in demand in the spot market.Analysts attributed rise in nickel futures to building-up of positions by traders due to pick up in demand from alloy- makers in the spot market.At the MCX, nickel futures for August 2017 contract was trading at Rs 692.30 per kg, up by 0.90 per cent, after opening at Rs 690.60, against a previous close of Rs 686.10. It touched the intra-day high of Rs 695.40. (at 13:05 hours).
17/08/2017
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Nickel futures were trading higher during the afternoon trade in the domestic market on Thursday as participants widened their bets, driven by pick-up in demand in the spot market.Analysts attributed rise in nickel futures to building-up of positions by traders due to pick up in demand from alloy- makers in the spot market.At the MCX, nickel futures for August 2017 contract was trading at Rs 692.30 per kg, up by 0.90 per cent, after opening at Rs 690.60, against a previous close of Rs 686.10. It touched the intra-day high of Rs 695.40. (at 13:05 hours).
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