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24-May2018

Nickel futures edge lower on weak demand

Nickel futures edged lower on MCX as participants offloaded their holdings amid weak demand from alloy-makers and other consuming industries at the spot market.

The contract for May delivery was trading at Rs 993.70, down by 0.23% or Rs 2.30 from its previous closing of Rs 996.00. The open interest of the contract stood at 7136 lots.

The contract for June delivery was trading at Rs 998.50, down by 0.18% or Rs 1.80 from its previous closing of Rs 1000.30. The open interest of the contract stood at 2640 lots on MCX.


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