Nickel futures prices down on profit-booking
At the Multi Commodity Exchange, nickel for delivery in December traded Rs 1.30, or 0.10 per cent lower at Rs 965.60 per kg, with a business turnover of 1,233 lots.
Likewise, the metal for delivery in January declined by Re 1, or 0.06 per cent, to Rs 972.50 per kg, with a business turnover of 78 lots.
Market participants said apart from sluggish demand from alloy makers, profit-booking by speculators put pressure on nickel futures prices but gains in base metals at the London Metal Exchange, capped the losses
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