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21-Mar2018

Nickel futures trade lower on subdued demand

Nickel futures traded lower on MCX as participants cut down their bets, tracking subdued demand from alloy-makers at the domestic spot market.

The contract for March delivery was trading at Rs 873.60, down by 0.27% or Rs 2.40 from its previous closing of Rs 876.00. The open interest of the contract stood at 10491 lots.

The contract for April delivery was trading at Rs 878.40, down by 0.19% or Rs 1.70 from its previous closing of Rs 880.10. The open interest of the contract stood at 1994 lots on MCX.


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