Nickel futures marginally down on profit-booking

NEW DELHI, Dec 5: Nickel futures prices fell marginally by 0.08 per cent to Rs 964.40 per kg today as speculators booked profits but a firm trend overseas, capped the losses.

At the Multi Commodity Exchange, nickel for delivery in January traded 80 paise, or 0.08 per cent lower at Rs 964.40 per kg, with a business turnover of 43 lots.

Likewise, the metal for delivery in December eased by 70 paise, or 0.07 per cent, to Rs 957.30 per kg, with a business turnover of 1,639 points.

Market participants said profit-taking by speculators led to a moderate decline in nickel futures prices but firmness in base metals at the London Metal Exchange, capped the losses. (PTI)