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11-Jul2017

Nickel futures trade higher on improved demand

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

The contract for July delivery was trading at Rs 583.40, up by 0.40% or Rs 2.30 from its previous closing of Rs 581.10. The open interest of the contract stood at 33188 lots.

The contract for August delivery was trading at Rs 589.30, up by 0.53% or Rs 3.10 from its previous closing of Rs 586.20. The open interest of the contract stood at 2354 lots on MCX.


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