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21-Dec2018

Nickel futures trade marginally higher on improved demand

Nickel futures traded marginally higher on MCX as speculators enlarged their holdings on the back of improved demand from alloy-makers and other consuming industries at the domestic spot market.

The contract for December delivery was trading at Rs 760.70, up by 0.11% or Rs 0.80 from its previous closing of Rs 759.90. The open interest of the contract stood at 14733 lots.

The contract for January delivery was trading at Rs 766.70, up by 0.09% or Rs 0.70 from its previous closing of Rs 766.00. The open interest of the contract stood at 1327 lots on MCX.


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