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11-Sep2018

Nickel futures edge lower on easing demand

Nickel futures edged lower on MCX as speculators cut down their bets, tracking easing demand from alloy-makers and other consuming industries at the spot market.

The contract for September delivery was trading at Rs 896.70, down by 0.46% or Rs 4.10 from its previous closing of Rs 900.80. The open interest of the contract stood at 14987 lots.

The contract for October delivery was trading at Rs 901.80, down by 0.45% or Rs 4.10 from its previous closing of Rs 905.90. The open interest of the contract stood at 450 lots on MCX.


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