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01-Dec2017

Nickel futures edge higher on rising demand

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

The contract for December delivery was trading at Rs 722.30, up by 0.31% or Rs 2.20 from its previous closing of Rs 720.10. The open interest of the contract stood at 22938 lots.

The contract for January delivery was trading at Rs 727.20, up by 0.19% or Rs 1.40 from its previous closing of Rs 725.80. The open interest of the contract stood at 258 lots on MCX.


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