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07-Sep2018

Nickel futures edge lower on sluggish demand

Nickel futures edged lower on MCX as participants offloaded their holdings, driven by sluggish demand from alloy-makers and other consuming industries at the domestic spot market.

The contract for September delivery was trading at Rs 885.20, down by 1.23% or Rs 11.00 from its previous closing of Rs 896.20. The open interest of the contract stood at 16675 lots.

The contract for October delivery was trading at Rs 890.00, down by 1.26% or Rs 11.40 from its previous closing of Rs 901.40. The open interest of the contract stood at 534 lots on MCX.


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