Nickel futures up on global trend, spot demand
Agencies : New Delhi, Mon Nov 19 2012, 16:10 hrs
Related
Top Stories
- IPL spot-fixing case: Net widens, police watching 3 more players, other bookies
- IPL 2013: Imperious Brad Hodge powers Rajasthan Royals to qualifier
- Sonia Gandhi, PM Manmohan Singh slam BJP for disrupting Parliament, stalling bills
- IPL spot-fixing: 'Bookie' Vindoo was close to BCCI chief's son-in-law, say cops
- Jessica Lall case: Shayan Munshi to face perjury trial
Nickel futures traded 0.23 per cent higher at Rs 886 per kg in futures market today after participants enlarged positions, driven by positive cues from overseas markets, and pick-up in domestic demand.
At the Multi Commodity Exchange, nickel for delivery in November gained Rs 2, or 0.23 per cent, to Rs 886 per kg, with a business turnover of 2,512 lots.
The metal for delivery in December traded higher by Rs 1.80, or 0.20 per cent, at Rs 895 per kg, with a turnover of 308 lots.
Marketmen said besides pick-up in demand from alloy- makers in the domestic spot markets, a firming trend in copper and other base metals overseas, supported the upside in nickel prices at futures trade here.
Please read our terms of use before posting comments
NMDC cuts January iron ore price by almost 6%
Freeport's risky energy move highlights copper woes
Steel prices remain flat in thin trade
Copper futures prices decline on global cues
TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
Editors’ Pick
- Fixing probe now reaches Bollywood, son of Dara Singh held
- BCCI cashes Pune Warriors guarantee, 'disgusted' Sahara walks out of IPL
- Sreesanth spent Rs 1.95L on clothes, bought friend BlackBerry, paid in cash: Police
- Delhi firm with MoD as client is linked to Pak cyberattacks
- After Infosys, iGATE sacks Phaneesh Murthy for sexual misconduct
- 2 weeks after harassment, Haryana schoolgirls return, cops in tow
- UPA-2 anniversary today, report card to outline work done in last 9 years
