 "Nickel down by 0.4% on global cues")
Nickel futures eased 0.42% to Rs 690 per kg today as participants reduced their exposure amid a weak trend overseas.
At Multi Commodity Exchange, nickel for delivery in November fell Rs 2.90, or 0.42%, to Rs 690 per kg in a business turnover of 583 lots.
The metal for delivery in October fell Rs 2.60, or 0.38%, to trade at Rs 683.50 per kg in a turnover of 1,739 lots.
Market analysts said besides subdued spot demand at the domestic market, a weak trend in base metals overseas ahead of the US Federal Reserve's interest rate decision, weighed on nickel futures prices here.
At Multi Commodity Exchange, nickel for delivery in November fell Rs 2.90, or 0.42%, to Rs 690 per kg in a business turnover of 583 lots.
The metal for delivery in October fell Rs 2.60, or 0.38%, to trade at Rs 683.50 per kg in a turnover of 1,739 lots.
Market analysts said besides subdued spot demand at the domestic market, a weak trend in base metals overseas ahead of the US Federal Reserve's interest rate decision, weighed on nickel futures prices here.