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14-Mar2019

Nickel futures edge lower on weak demand

Nickel futures edged lower on MCX as traders trimmed their holdings, tracking weak demand from alloy-makers and other consuming industries at the domestic spot market.

The contract for March delivery was trading at Rs 908.30, down by 0.71% or Rs 6.50 from its previous closing of Rs 914.80.The open interest of the contract stood at 7638 lots.

The contract for April delivery was trading at Rs 913.80, down by 0.73% or Rs 6.70 from its previous closing of Rs 920.50. The open interest of the contract stood at 332 lots on MCX.


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