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30-Jun2017

Nickel futures trade higher on uptick in demand

Nickel futures traded higher on MCX as participants enlarged their holdings on the back of uptick in demand from alloy-makers and other consuming industries in the spot market.

The contract for June delivery was trading at Rs 600.10, up by 0.33% or Rs 2.00 from its previous closing of Rs 598.10. The open interest of the contract stood at 14720 lots.

The contract for July delivery was trading at Rs 605.20, up by 0.35% or Rs 2.10 from its previous closing of Rs 603.10. The open interest of the contract stood at 22282 lots on MCX.


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