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07-Aug2018

Nickel futures trade higher on uptick in demand

Nickel futures traded higher on MCX as participants enlarged their bets, tracking uptick in demand from alloy-makers and other consuming industries at the spot market.

The contract for August delivery was trading at Rs 944.20, up by 0.31% or Rs 2.90 from its previous closing of Rs 941.30. The open interest of the contract stood at 9493 lots.

The contract for September delivery was trading at Rs 949.20, up by 0.34% or Rs 3.20 from its previous closing of Rs 946.00. The open interest of the contract stood at 294 lots on MCX.

 

 

 


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