Friday, November 25, 2016

Base metal: Nickel futures down by 0.78 % in noon

Nickel futures drop during afternoon trade in the domestic market on Friday as investors & speculators exited their positions in the industrial metal despite rising bets of inflation in China and the United States, and signs of increase enery in the US manufacturing sector. 

At the MCX, nickel futures for Nov 2016 contract is trading at Rs 785.60 per kg, down by 0.78 %, after opening at Rs 792.60, against a previous close of Rs 791.80. It touched the intra-day lower of Rs 781.50.