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30-Aug2018

Nickel futures edge higher on pickup in demand

Nickel futures edged higher on MCX as participants enlarged their positions, tracking pickup in demand from alloy-makers and other consuming industries at the spot market.

The contract for August delivery was trading at Rs 947.20, up by 0.26% or Rs 2.50 from its previous closing of Rs 944.70. The open interest of the contract stood at 6092 lots.

The contract for September delivery was trading at Rs 952.00, up by 0.24% or Rs 2.30 from its previous closing of Rs 949.70. The open interest of the contract stood at 2705 lots on MCX.


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