 "Nickel down 0.5% on profit-booking, global cues")
Nickel futures prices today dropped 0.50% to Rs 1,152 per kg in as speculators locked in gains amid a weak trend overseas.
At the Multi Commodity Exchange, nickel prices for delivery in July dropped by Rs 5.80, or 0.50%, to Rs 1,152 per kg in a business turnover of 29 lots.
Metal prices for delivery in June contracts fell by Rs 5.50, or 0.48%, to trade at Rs 1,147 per kg in a turnover of 580 lots.
Market analysts said besides profit-booking, spot demand at domestic markets and a weak trend in base metals overseas after China manufacturing gauge misses estimates mainly weighed on nickel futures here.
At the Multi Commodity Exchange, nickel prices for delivery in July dropped by Rs 5.80, or 0.50%, to Rs 1,152 per kg in a business turnover of 29 lots.
Metal prices for delivery in June contracts fell by Rs 5.50, or 0.48%, to trade at Rs 1,147 per kg in a turnover of 580 lots.
Market analysts said besides profit-booking, spot demand at domestic markets and a weak trend in base metals overseas after China manufacturing gauge misses estimates mainly weighed on nickel futures here.