Nickel futures climb 3.64% on rising demand : 07 Nov 2016

Nickel futures were trading higher during the morning trade in the domestic market on Monday as investors and speculators indulged in building up fresh positions in the industrial metal amid an increase in physical demand for nickel from major consuming industries at the domestic spot market.
Nickel prices rise on account of widening of positions by traders in the industrial metal amid an uptick in physical demand from alloy-makers at domestic spot markets. At the MCX, nickel futures for November 2016 contract is trading at Rs 723.40 per kg, up by 3.64 per cent, after opening at Rs 702.40, against a previous close of Rs 698. It touched the intra-day high of Rs 724.90 
Nickel futures climb 3.64% on rising demand : 07 Nov 2016 Nickel futures climb 3.64% on rising demand : 07 Nov 2016 Reviewed by Money99 on 11:05:00 Rating: 5

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