Nickel futures were trading lower during the morning trade in the domestic market on Wednesday as investors and speculators remained on the sidelines in the industrial metal amid muted physical demand for nickel from major consuming industries in the domestic spot market.
The prices of nickel fall due to exiting of positions by participants in the industrial metal on account of subdued physical demand from alloy-makers at domestic spot markets.
At the MCX, nickel futures for October 2016 contract is trading at Rs 680.10 per kg, down by 0.28 per cent, after opening at Rs 681.90, against a previous close of Rs 682. It touched the intra-day low of Rs 679.90.
The prices of nickel fall due to exiting of positions by participants in the industrial metal on account of subdued physical demand from alloy-makers at domestic spot markets.
At the MCX, nickel futures for October 2016 contract is trading at Rs 680.10 per kg, down by 0.28 per cent, after opening at Rs 681.90, against a previous close of Rs 682. It touched the intra-day low of Rs 679.90.
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