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09-Jan2019

Nickel futures edge higher on improved demand

Nickel futures edged higher on MCX as speculators built up fresh positions on the back of improved demand from alloy-makers and other consuming industries at the spot market.

The contract for January delivery was trading at Rs 794.60, up by 1.20% or Rs 9.40 from its previous closing of Rs 785.20. The open interest of the contract stood at 14956 lots.

The contract for February delivery was trading at Rs 800.40, up by 1.10% or Rs 8.70 from its previous closing of Rs 791.70. The open interest of the contract stood at 552 lots on MCX.


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