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19-Aug2016

Nickel futures edge higher on rising demand

Nickel futures edged higher on MCX as speculators built up fresh positions, tracking rising demand from alloy-makers at the domestic spot market.

The contract for August delivery was trading at Rs 690.50, up by 0.13% or Rs 0.90 from its previous closing of Rs 689.60.The open interest of the contract stood at 16134.00 lots.

The contract for September delivery was trading at Rs 696.60, up by 0.16% or Rs 1.10 from its previous closing of Rs 695.50. The open interest of the contract stood at 2885.00 lots on MCX.


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