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20-Dec2017

Nickel futures trade higher on rising demand

Nickel futures traded higher on MCX as speculators enlarged their holdings amid rising demand from alloy-makers and other consuming industries at the spot market.

The contract for December delivery was trading at Rs 755.20, up by 0.40% or Rs 3.00 from its previous closing of Rs 752.20. The open interest of the contract stood at 17047 lots.

The contract for January delivery was trading at Rs 760.10, higher by 0.37% or Rs 2.80 from its previous closing of Rs 757.30. The open interest of the contract stood at 965 lots on MCX.


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