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02-Nov2018

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 and other consuming industries at the spot market.

The contract for November delivery was trading at Rs 870.60, up by 0.42% or Rs 3.60 from its previous closing of Rs 867.00. The open interest of the contract stood at 15892 lots.

The contract for December delivery was trading at Rs 877.00, up by 0.29% or Rs 2.50 from its previous closing of Rs 874.50. The open interest of the contract stood at 271 lots on MCX.


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