Nickel futures edged lower on MCX as participants cut down their bets, tracking subdued demand from alloy-makers and other consuming industries at the spot market.
The contract for May delivery was trading at Rs 1011.70, down by 0.40% or Rs 4.10 from its previous closing of Rs 1015.80. The open interest of the contract stood at 8401 lots.
The contract for June delivery was trading at Rs 1016.50, down by 0.46% or Rs 4.70 from its previous closing of Rs 1021.20. The open interest of the contract stood at 2674 lots on MCX.