Nickel futures rise on pickup in demand
31/07/2017
Nickel futures were trading higher during the afternoon trade in the domestic market on Monday 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 July 2017 contract was trading at Rs 657.10 per kg, up by 0.03 per cent, after opening at Rs 656.20, against a previous close of Rs 596.90. It touched the intra-day high of Rs 660.80 (at 13: 10 hours).
31/07/2017
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Nickel futures were trading higher during the afternoon trade in the domestic market on Monday 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 July 2017 contract was trading at Rs 657.10 per kg, up by 0.03 per cent, after opening at Rs 656.20, against a previous close of Rs 596.90. It touched the intra-day high of Rs 660.80 (at 13: 10 hours).
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