Nickel futures edged lower on MCX as participants cut down their bets amid subdued demand from alloy-makers and other consuming industries in the domestic spot market.
The contract for July delivery was trading at Rs 622.10, down by 0.38% or Rs 2.40 from its previous closing of Rs 624.50. The open interest of the contract stood at 25464 lots.
The contract for August delivery was trading at Rs 627.00, down by 0.30% or Rs 1.90 from its previous closing of Rs 628.90. The open interest of the contract stood at 2953 lots on MCX.