Nickel Futures Are Flat On Overseas Cues

On Monday evening Nickel futures were flat on the domestic market, as investors and speculators take sidelines on the industrial metal as a risk aversion climbed following the terror attack in London.

Nickel prices of future trade are influenced by tracking renewed weakness in steel markets and recovery in the Greenback; the stronger the back will lead to high cost of dollar-priced metals for non-US investors.

On MCX, Nickel future is trading at Rs.574.10/kg, opening at Rs 572 and previous close of Rs.574.10 and touched an Intraday low of Rs 570.20.

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Suhani Verma

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