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26-Oct2018

Nickel futures trade lower on subdued demand

Nickel futures traded lower on MCX, as market participants trimmed their portfolios on the back of subdued demand from alloy-makers at the domestic spot markets.

The contract for October delivery was trading at Rs 874.20, down by 1.42% or Rs 12.60 from its previous closing of Rs 886.80. The open interest of the contract stood at 17410 lots.

The contract for November delivery was trading at Rs 881.90, down by 1.47% or Rs 13.20 from its previous closing of Rs 895.10. The open interest of the contract stood at 3787 lots on MCX.


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