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24-Oct2018

Nickel futures trade higher on uptick in demand

Nickel futures traded higher on MCX as speculators enlarged their holdings on the back of uptick in demand from alloy-makers and other consuming industries at the spot market. Besides, a firming trend in global markets also added support to nickel futures' uptrend.

The contract for October delivery was trading at Rs 909.60, up by 0.33% or Rs 3.00 from its previous closing of Rs 906.60. The open interest of the contract stood at 12365 lots.

The contract for November delivery was trading at Rs 916.90, up by 0.31% or Rs 2.80 from its previous closing of Rs 914.10. The open interest of the contract stood at 1378 lots on MCX.


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