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03-Oct2016

Nickel futures edge higher on pickup in demand

Nickel futures edge marginally higher on MCX as speculators enlarged their positions on the back of pickup in demand from alloy-makers in the domestic spot market.

The contract for October delivery was trading at Rs 703.70, up by 0.06% or Rs 0.40 from its previous closing of Rs 703.30. The open interest of the contract stood at 13166 lots.

The contract for November delivery was trading at Rs 710.40, up by 0.07% or Rs 0.50 from its previous closing of Rs 709.90. The open interest of the contract stood at 287 lots on MCX.


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