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17-Nov2017

Nickel futures trade higher on improved demand

Nickel futures traded higher on MCX as participants enlarged their holdings, tracking improved demand from alloy-makers and other consuming industries at the domestic spot market.

The contract for November delivery was trading at Rs 743.30, up by 0.30% or Rs 2.20 from its previous closing of Rs 741.10. The open interest of the contract stood at 17835 lots.

The contract for December delivery was trading at Rs 748.60, up by 0.32% or Rs 2.40 from its previous closing of Rs 746.20. The open interest of the contract stood at 4095 lots on MCX.


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