Monday, 10 October 2016

Nickel futures zoom as China returns after break : 10 Oct 2016


Nickel futures were trading higher during the morning trade in the domestic market on Monday as investors and speculators build up fresh positions amid rising in domestic demand in the industrial metal and tracking positive cues from overseas markets as Chinese markets returned after a week-long break. The prices of nickel fell last week when Indonesian officials said they were considering reinstating nickel ore exports. At the MCX, nickel futures for October 2016 contract is trading at Rs 693.90 per kg, up by 1.91 per cent, after opening at Rs 682, against a previous close of Rs 680.90. It touched the intra-day high of Rs 695.80

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