Nickel futures edged lower on MCX as participants cut down their bets, tracking weak demand from alloy-makers and other consuming industries at the spot market.
The contract for May delivery was trading at Rs 971.00, down by 0.54% or Rs 5.30 from its previous closing of Rs 976.30. The open interest of the contract stood at 7640 lots.
The contract for June delivery was trading at Rs 975.60, down by 0.39% or Rs 3.80 from its previous closing of Rs 979.40. The open interest of the contract stood at 536 lots on MCX.