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03-Apr2018

Nickel futures trade higher on rising demand

Nickel futures traded higher on MCX as participants enlarged their holdings, tracking rising demand at the spot market. Further, a firming trend in base metals overseas also fuelled the uptrend.

The contract for April delivery was trading at Rs 881.90, up by 0.27% or Rs 2.40 from its previous closing of Rs 879.50. The open interest of the contract stood at 10939 lots.

The contract for May delivery was trading at Rs 884.80, up by 0.09% or Rs 0.80 from its previous closing of Rs 884.00. The open interest of the contract stood at 1206 lots on MCX.


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