 "Nickel down 0.2% on weak global markets")
Nickel futures prices fell 0.26% to Rs 881.60 per kg today, tracking a weakening trend in base metals in the global markets amid subdued domestic demand.
At the Multi Commodity Exchange, nickel for delivery in February traded Rs 2.30, or 0.26%, lower at Rs 881.60 per kg, with a business turnover of 19 lots.
The metal for delivery in January eased by Rs 1.20, or 0.14%, to Rs 874 per kg, with a business turnover of 689 lots.
Meanwhile, nickel prices fell by 0.50% at the LME.
At the Multi Commodity Exchange, nickel for delivery in February traded Rs 2.30, or 0.26%, lower at Rs 881.60 per kg, with a business turnover of 19 lots.
The metal for delivery in January eased by Rs 1.20, or 0.14%, to Rs 874 per kg, with a business turnover of 689 lots.
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Market participants said apart from sluggish demand from alloy makers, weakness in base metals at the London Metal Exchange (LME) on concern that demand will weaken after a gauge of China's services industry fell.
Meanwhile, nickel prices fell by 0.50% at the LME.