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31-Aug2018

Nickel futures trade higher on improving demand

Nickel futures traded higher on MCX as participants engaged in fresh buying, in line with improving demand from alloy-makers and other consuming industries at the spot market.

The contract for August delivery was trading at Rs 939.30, up by 0.10% or Rs 0.90 from its previous closing of Rs 938.40. The open interest of the contract stood at 4770 lots.

The contract for September delivery was trading at Rs 945.40, up by 0.15% or Rs 1.40 from its previous closing of Rs 944.00. The open interest of the contract stood at 3726 lots on MCX.


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