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13-Dec2017

Nickel futures edge higher on rising demand

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

The contract for December delivery was trading at Rs 718.60, up by 0.28% or Rs 2.00 from its previous closing of Rs 716.60. The open interest of the contract stood at 23018 lots.

The contract for January delivery was trading at Rs 724.00, up by 0.30% or Rs 2.20 from its previous closing of Rs 721.80. The open interest of the contract stood at 755 lots on MCX.


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