Commodities wrap: Nickel futures rise 0.36%; Copper futures down
Nickel futures upward thrust 0.36% as demand picks up Nickel costs received zero.36 per cent to Rs 639.forty per kg in futures change these days as speculators constructed up positions, supported via rising demand from alloy-makers in the spot market whilst base metals retreated in a foreign country. at the Multi Commodity alternate, nickel for delivery in current month moved up through Rs 2.30, or zero.36 per cent, to Rs 639.40 per kg in a business turnover of 466 rather a lot. in a similar fashion, the metal for delivery in April traded higher via Rs 2, or 0.31 per cent, to Rs 646.20 per kg in a trade turnover of 57 a lot. Analysts mentioned speculators enlarged positions on a firming pattern at the home spot markets on higher demand from ingesting industries, which mainly influenced nickel costs in futures alternate. Copper futures down marginally on global cues Copper futures traded 0.08 per cent lower at Rs 382.75 today on speculators reducing their positi...