Breaking News

You are here » Indian-Commodity  :  Commodities  :  Other Commodities  :  Nickel futures edge higher on improved demand

18-Aug2016

Nickel futures edge higher on improved demand

Nickel futures edged higher on MCX as speculators enlarged their holdings, driven by improved demand from alloy-makers and other consuming industries at the spot market. Besides, a firming trend in base metals at the London Metal Exchange (LME) also fuelled the uptrend.

The contract for August delivery was trading at Rs 688.00, up by 0.38% or Rs 2.60 from its previous closing of Rs 685.40.The open interest of the contract stood at 17505.00 lots.

The contract for September delivery was trading at Rs 694.10, up by 0.43% or Rs 3.00 from its previous closing of Rs 691.10. The open interest of the contract stood at 2765.00 lots on MCX.


Related News

View all news

Coriander futures trade up on restricted arrivals

Coriander futures traded up on NCDEX as speculators built up fresh positions amid rising spot demand. Besides, tight stocks on account of restricted arrivals from major growing regions also fuelled the......

Barley futures trade higher on good demand

Barley futures traded higher on NCDEX, due to widening of bets by the speculators tracking good physical demand from domestic markets.The contract for May delivery was trading at Rs 1770.00, up by 0.28%......

Coriander futures trade up on restricted arrivals

Coriander futures traded up on NCDEX as speculators built up fresh positions amid rising spot demand. Besides, tight stocks on account of restricted arrivals from major growing regions also fuelled the......

Top News

View all news

Quess Corp, Ashoka Buildcon and ICICI Bank to see some action today

Quess Corp's subsidiary Conneqt Business Solutions has signed definitive agreements to acquire a majority stake in Allsec Technologies. The transaction involves Conneqt purchasing 35.35% from the promoters,......

Quess Corp's arm to acquire majority stake in Allsec Technologies

Quess Corp's subsidiary -- Conneqt Business Solutions has signed definitive agreements to acquire a majority stake in Allsec Technologies. The transaction involves Conneqt purchasing 35.35% from the promoters,......

Ashoka Buildcon's JV receives LoA from Rail Vikas Nigam

Ashoka Buildcon's Joint Venture (JV) -- ABL-STS JV, wherein the Company is lead member, has received a Letter of Award (LoA) from Rail Vikas Nigam (RVNL). The accepted Bid Value of the Project is Rs 443.23......