COMMODITY WATCH: NICKEL DROPS 0.4%, COPPER INCHES HIGHER

Nickel futures fall 0.40% on global cues, profit-booking

Nickel futures traded 0.40 per cent lower at Rs 597.50 per kg today as participants reduced exposure amid weak global cues and profit-booking.

At the Multi Commodity Exchange, nickel for delivery in June fell Rs 2.40, or 0.40 per cent, to Rs 597.50 per kg, in a business turnover of 128 lots.

Also, the metal for delivery in May was trading down Rs 2.30, or 0.39 per cent lower, at Rs 591.90 per kg in 907 lots.

Market analysts said, apart from profit-booking ..

Copper futures rise on spot demand

Copper futures traded 0.21 per cent higher at Rs 365.30 per kg today as speculators enlarged positions amid firming trend at the domestic spot markets.
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