Breaking News

You are here » Indian-Commodity  :  Commodities  :  Other Commodities  :  Nickel futures trade higher on rising demand

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.


Related News

View all news

Barley futures trade moderately higher on supply crunch

Barley futures traded moderately higher on NCDEX, due to frantic buying by retailers and stockists as the ongoing supply crunch intensifies. As per reports, barley rates have climbed 15-20% in the last......

Barley futures trade lower on NCDEX

Barley futures traded lower on NCDEX, due to liquidation of bets by market players tracking muted demand from physical markets.The contract for December delivery was trading at Rs 1900.00, down by 0.60%......

Coriander futures surge on improved demand

Coriander futures surged on NCDEX as speculators built up fresh positions amid the improved demand at the spot market. Further, fall in supplies from major producing regions also influenced coriander futures.......

Top News

View all news

Siemens reports 55% fall in Q4 net profit

Siemens has reported results for fourth quarter ended September 30, 2018.The company has reported 55.24% fall in its net profit at Rs 279.20 crore for the quarter under review as compared to Rs 623.80......

USFDA completes audit of Dr. Reddy's Andhra Pradesh facility

The US Food and Drug Administration (USFDA) has completed the audit of Dr. Reddy's Laboratories' Formulations Srikakulum Plant (SEZ) Unit II, Andhra Pradesh on November 16, 2018 with zero observations.Dr.......

PNB Gilts reports 71% rise in Q2 net profit

PNB Gilts has reported results for second quarter ended September 30, 2018.The company has reported 71.36% rise in its net profit at Rs 11.07 crore for the quarter under review as compared to Rs 6.46 crore......