Nickel futures edged lower on MCX as speculators reduced their positions, driven by muted demand from alloy-makers and other consuming industries in the domestic spot market.
The contract for July delivery was trading at Rs 655.00, down by 0.29% or Rs 1.90 from its previous closing of Rs 656.90. The open interest of the contract stood at 8001 lots.
The contract for August delivery was trading at Rs 659.50, down by 0.06% or Rs 0.40 from its previous closing of Rs 659.90. The open interest of the contract stood at 12521 lots on MCX.