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09-Aug2018

Nickel futures edge higher on rising demand

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

The contract for August delivery was trading at Rs 962.10, up by 0.19% or Rs 1.80 from its previous closing of Rs 960.30. The open interest of the contract stood at 9387 lots.

The contract for September delivery was trading at Rs 967.80, up by 0.31% or Rs 3.00 from its previous closing of Rs 964.80. The open interest of the contract stood at 356 lots on MCX.


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