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06-Sep2018

Nickel futures trade higher on rising demand

Nickel futures traded higher on MCX as participants built up fresh positions, tracking rising demand from alloy-makers and other consuming industries at the spot market. Besides, a firming trend in global markets on weakness in dollar also fuelled the uptrend.

The contract for September delivery was trading at Rs 896.00, up by 0.20% or Rs 1.80 from its previous closing of Rs 894.20. The open interest of the contract stood at 15382 lots.

The contract for October delivery was trading at Rs 901.00, up by 0.23% or Rs 2.10 from its previous closing of Rs 898.90. The open interest of the contract stood at 354 lots on MCX.


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