Nickel Futures Edge Up On Spot Demand

Nickel futures were trading higher during the noon trade in the domestic market on Thursday as speculators raised their bets, supported by uptick in demand at the domestic spot market. Analysts said widening of positions by participants due to upsurge in demand from alloy-makers in the physical markets, mainly led to the rise in nickel prices at futures trade

At the MCX, nickel futures for July 2018 contract is trading at Rs 980.20 per kg, up by 0.96 per cent, after opening at Rs 971.20, against a previous close of Rs 970.90. It touched the intra-day high of Rs 981.50.

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Suhani Verma

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