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02-May2018

Nickel futures trade higher on improved demand

Nickel futures traded higher on MCX as speculators enlarged their holdings on the back of improved demand from alloy-makers at the spot market. Though, losses in the select base metals in global markets, capped some gains in nickel futures.

The contract for May delivery was trading at Rs 933.00, up by 1.39% or Rs 12.80 from its previous closing of Rs 920.20. The open interest of the contract stood at 9493 lots.

The contract for June delivery was trading at Rs 937.10, up by 1.40% or Rs 12.90 from its previous closing of Rs 924.20. The open interest of the contract stood at 188 lots on MCX.


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