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20-Nov2017

Nickel futures edge higher on improved demand

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

The contract for November delivery was trading at Rs 753.70, up by 0.33% or Rs 2.50 from its previous closing of Rs 751.20. The open interest of the contract stood at 16518 lots.

The contract for December delivery was trading at Rs 757.50, up by 0.22% or Rs 1.70 from its previous closing of Rs 755.80. The open interest of the contract stood at 4728 lots on MCX.


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