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22-Aug2016

Nickel futures edge down on weak demand

Nickel futures edged down on MCX as speculators cut down their bets, driven by weak demand from alloy-makers at the domestic spot market.

The contract for August delivery was trading at Rs 683.50, down by 1.54% or Rs 10.70 from its previous closing of Rs 694.20.The open interest of the contract stood at 15865.00 lots.

The contract for September delivery was trading at Rs 689.70, down by 1.47% or Rs 10.30 from its previous closing of Rs 700.00. The open interest of the contract stood at 2900.00 lots on MCX.


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