 "Nickel down 0.2% on global trends, profit-booking")
Nickel futures today traded lower by 0.22% to Rs 1,113.60 per kg largely in tune with a weakening trend overseas amid profit-booking by speculators.
At the Multi Commodity Exchange, nickel for delivery in July weakened by Rs 2.50 paise, or 0.22%, to Rs 1,113.60 Per kg in business turnover of 17 lots.
Similarly, the metal for delivery in June traded lower by Re 1, or 0.18%, to Rs 1,109.10 per kg in 866 lots.
Market analysts said apart from profit-booking by speculators, metal's weakness at the London Metal Exchange mainly weighed on nickel prices at futures trade here.
At the Multi Commodity Exchange, nickel for delivery in July weakened by Rs 2.50 paise, or 0.22%, to Rs 1,113.60 Per kg in business turnover of 17 lots.
Similarly, the metal for delivery in June traded lower by Re 1, or 0.18%, to Rs 1,109.10 per kg in 866 lots.
Market analysts said apart from profit-booking by speculators, metal's weakness at the London Metal Exchange mainly weighed on nickel prices at futures trade here.