Nickel Futures Dip On Subdued Demand

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Nickel futures were trading lower during the afternoon trade in the domestic market on Wednesday tracking a weak trend in base metals at the London Metal Exchange (LME) amid muted demand at the domestic spot markets. Market analysts said the fall in nickel prices was mostly in tune with a weak trend in the base metals pack at the LME. Besides, muted demand from alloy-makers at the domestic spot markets weighed on metal prices in futures trade.

 

At the MCX, nickel futures for March 2018 contract is trading at Rs 875.80 per kg, down by 0.78 per cent, after opening at Rs 888, against a previous close of Rs 882.70. It touched the intra-day low of Rs 875.70.

 

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Comments

  1. CapitalStars077 March 2018 at 17:29

    CS CLOSING BELL: 07 MAR 2018
    NIFTY SPOT DOEN 95 @ 10154
    SENSEX DOWN 284 @ 33033
    BANK NIFTY FUTURES DOWN 266 @ 24237
    HAPPY TRADING!!!!!!!!!!!
    Free Trading tips

    ReplyDelete

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