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12-Dec2017

Nickel futures trade lower on easing demand

Nickel futures traded lower on MCX as participants trimmed their holdings, tracking easing demand from alloy-makers and other consuming industries at the spot market.

The contract for December delivery was trading at Rs 719.50, down by 0.25% or Rs 1.80 from its previous closing of Rs 721.30. The open interest of the contract stood at 22819 lots.

The contract for January delivery was trading at Rs 722.50, down by 0.54% or Rs 3.90 from its previous closing of Rs 726.40. The open interest of the contract stood at 719 lots on MCX.


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