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30-Oct2018

Nickel futures trade higher on improved demand

Nickel futures traded higher on MCX as speculators built up fresh positions on the back of improved demand from alloy-makers and other consuming industries at the spot market.

The contract for October delivery was trading at Rs 862.00, up by 0.60% or Rs 5.10 from its previous closing of Rs 856.90. The open interest of the contract stood at 12502 lots.

The contract for November delivery was trading at Rs 869.50, up by 0.59% or Rs 5.10 from its previous closing of Rs 864.40. The open interest of the contract stood at 7669 lots on MCX.

 


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