Nickel futures drop on profit-booking, global cues
At the Multi Commodity Exchange, nickel prices for delivery in January dropped by Rs 4, or 0.44 per cent, to Rs 900 per kg in a business turnover of 332 lots.
By PTI | Updated:
NEW DELHI: Nickel futures prices today dropped 0.44 per cent to Rs 900 per kg in as speculators locked in gains amid a weak trend overseas.
At the Multi Commodity Exchange, nickel prices for delivery in January dropped by Rs 4, or 0.44 per cent, to Rs 900 per kg in a business turnover of 332 lots.
Metal prices for delivery in February contracts fell by Rs 3.80, or 0.42 per cent, to trade at Rs 906.90 per kg in a turnover of 28 lots.
Market analysts said besides profit-booking, a weak trend in base metals overseas after data showed manufacturing contracted in China, the world's biggest consumer mainly weighed on nickel futures here.
At the Multi Commodity Exchange, nickel prices for delivery in January dropped by Rs 4, or 0.44 per cent, to Rs 900 per kg in a business turnover of 332 lots.
Metal prices for delivery in February contracts fell by Rs 3.80, or 0.42 per cent, to trade at Rs 906.90 per kg in a turnover of 28 lots.
Market analysts said besides profit-booking, a weak trend in base metals overseas after data showed manufacturing contracted in China, the world's biggest consumer mainly weighed on nickel futures here.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
Nickel futures slide on tepid demandADVERTISEMENT
