Market and product
Nickel futures succumb to profit-booking, down 0.81 pc
Subdued demand at the domestic markets and weakness in base metals in global markets were also responsible for the fall in nickel futures prices.
At the Multi Commodity Exchange platform, nickel futures for delivery in October traded lower by Rs 12.20, or 0.81 per cent, to Rs 1,032 per kg, with a turnover of 213 lots.
The metal for delivery in September-month contract also eased by Rs 15.80, or 0.78 per cent, to Rs 1,024.30 per kg, with a turnover of 3,499 lots.
Marketmen said apart from profit-booking by speculators at prevailing levels, slack demand and weak trend in base metals overseas, also attributed to the fall in nickel futures prices here.
(Source: economictimes.indiatimes.com)
