Breaking News

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

16-Aug2016

Nickel futures edge higher on rising demand

Nickel futures edged higher on MCX as speculators enlarged their holdings, tracking rising demand from alloy-makers in the spot market. Besides, a firming global trend where it rebounded from the lowest closing price in a month as UBS Group said the full impact of mine shutdowns in the Philippines is still to come, also fuelled the uptrend.

The contract for August delivery was trading at Rs 696.40, up by 1.12% or Rs 7.70 from its previous closing of Rs 688.70. The open interest of the contract stood at 14548.00 lots.

The contract for September delivery was trading at Rs 703.20, up by 1.19% or Rs 8.30 from its previous close of Rs 694.90. The open interest of the contract stood at 2434.00 lots on MCX.


Related News

View all news

Coriander futures edge lower on muted demand

Coriander futures edged lower on NCDEX as participants cut down positions amid muted domestic and export demand. Besides, rising arrivals from major producing belts and profit booking at higher levels......

Barley futures surge on firm demand

Barley futures surged on NCDEX, due to enlargement of bets by the market participants tracking firm physical demand.The contract for May delivery was trading at Rs 1810.00, up 1.60% or Rs 28.50 from its......

Nickel futures trade up on pickup in demand

Nickel futures traded up on MCX as speculators built up fresh positions amid pickup in demand from alloy makers and a firm trend overseas.The contract for April delivery was trading at Rs 881.00, up by......

Top News

View all news

Bank of Baroda's board to consider issuance of equity shares of Rs 5,042 crore to Govt

Bank of Baroda's board is going to consider issuance of equity shares of Rs 5,042 crore to Government of India on a Preferential Basis. The meeting of the Board of Directors of the Bank is scheduled to......

Gujarat Petrosynthese to invest surplus funds in mutual funds, bonds, securities, shares

Gujarat Petrosynthese has received an approval to invest surplus funds in mutual funds, bonds, securities, shares, inter corporate deposits etc. to optimize its returns. The Board of Directors of the Company......

Reliance's Retail Unit delivers record-breaking performance in revenue, profits during FY19

Reliance Industries' Retail Unit--Reliance Retail has delivered a record-breaking performance in revenue and profits growth for the year 2018-19. Segment Revenue for FY19 grew by 88.7% Y-o-Y to Rs 130,566......