Breaking News

You are here » Indian-Commodity  :  Commodities  :  Other Commodities  :  Nickel futures trade up on improved demand

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.


Related News

View all news

Barley futures trade moderately higher on supply crunch

Barley futures traded moderately higher on NCDEX, due to frantic buying by retailers and stockists as the ongoing supply crunch intensifies. As per reports, barley rates have climbed 15-20% in the last......

Barley futures trade lower on NCDEX

Barley futures traded lower on NCDEX, due to liquidation of bets by market players tracking muted demand from physical markets.The contract for December delivery was trading at Rs 1900.00, down by 0.60%......

Coriander futures surge on improved demand

Coriander futures surged on NCDEX as speculators built up fresh positions amid the improved demand at the spot market. Further, fall in supplies from major producing regions also influenced coriander futures.......

Top News

View all news

Jumbo Finance gets shareholders' nod to increase borrowing limits up to Rs 30 crore

Jumbo Finance has received an approval to increase Borrowing Limits of the company up-to Rs 30 crore. The shareholders of the company at their meeting held on November 19, 2018, approved the same.Jumbo......

Alembic Pharma gets USFDA's nod for Vardenafil Hydrochloride Orally Disintegrating Tablets

Alembic Pharmaceuticals has received an approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Vardenafil Hydrochloride Orally Disintegrating Tablets,......

SRF expects total Rs 28 crore quantum of damage due to Cyclone GAJA

SRF is expecting a total Rs 28 crore quantum of damage caused, based on the initial assessment. The disruption of operations was due to Cyclone GAJA at the plant of Technical Textiles Business (Viralimalai)......