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05-Sep2018

Nickel futures trade up on improved demand

Nickel futures traded up on MCX as participants enlarged their holdings amid improved demand from alloy-makers and other consuming industries at the spot market. Though, some gains were capped on weak trend overseas as US-China trade tensions continue.

The contract for September delivery was trading at Rs 893.20, up by 0.15% or Rs 1.30 from its previous closing of Rs 891.90. The open interest of the contract stood at 16017 lots.

The contract for October delivery was trading at Rs 898.10, up by 0.13% or Rs 1.20 from its previous closing of Rs 896.90. The open interest of the contract stood at 363 lots on MCX.


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