Breaking News

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

25-Oct2018

Nickel futures trade higher on strong demand

Nickel futures traded higher on MCX, as market participants enlarged their portfolios on the back of strong demand from alloy-makers at the domestic spot markets. Moreover, positive global cues also fueled the up-trend.

The contract for October delivery was trading at Rs 895.40, up by 0.37% or Rs 3.30 from its previous closing of Rs 892.10. The open interest of the contract stood at 14547 lots.

The contract for November delivery was trading at Rs 903.40, up by 0.30% or Rs 2.70 from its previous closing of Rs 900.70. The open interest of the contract stood at 2079 lots on MCX.


Related News

View all news

Soybean futures trade up on improving demand

Soybean futures traded up on NCDEX as speculators enlarged their holdings, driven by improving demand at the domestic spot market. Though, ample supplies and disappointing soymeal export numbers capped......

Barley futures trade lower on profit booking

Barley futures traded lower on NCDEX, due to profit taking by the market players at higher levels. Besides, sluggish spot demand from domestic consumers also dragged the prices further.The contract for......

Nickel futures edge higher on improved demand

Nickel futures edged higher on MCX as participants built up fresh positions, tracking improved demand from alloy-makers and other consuming industries at the spot market. The contract for March delivery......

Top News

View all news

Power Grid fully utilises JPY 22 billion loan

Power Grid Corporation has fully drawn a 22 billion Japanese Yen (JPY) loan and utilised it to finance capital expenditure for its ongoing and new projects.Power Grid had entered into a JPY 22-billion......

Mahindra deploys six armoured Marksman at Delhi Airport

Mahindra Group has deployed six armoured Marksman vehicles at Indira Gandhi International Airport in Delhi. With this deployment, Delhi airport becomes first to get bullet-proof vehicle in its premises......

Oil India signs MoU with Gauhati University: Report

Oil India and Gauhati University have reportedly signed a Memorandum of Understanding (MoU) on March 19, 2019. The MoU aims to extend the facility of Technology Incubation Centre at Gauhati University......