 "Nickel drops by 0.4% on profit-booking")
Nickel futures prices today dropped 0.44% to Rs 900 per kg in as speculators locked in gains amid a weak trend overseas.
At the Multi Commodity Exchange, nickel prices for delivery in January dropped by Rs 4, or 0.44%, to Rs 900 per kg in a business turnover of 332 lots.
Metal prices for delivery in February contracts fell by Rs 3.80, or 0.42%, to trade at Rs 906.90 per kg in a turnover of 28 lots.
Market analysts said besides profit-booking, a weak trend in base metals overseas after data showed manufacturing contracted in China, the world's biggest consumer mainly weighed on nickel futures here.
At the Multi Commodity Exchange, nickel prices for delivery in January dropped by Rs 4, or 0.44%, to Rs 900 per kg in a business turnover of 332 lots.
Metal prices for delivery in February contracts fell by Rs 3.80, or 0.42%, to trade at Rs 906.90 per kg in a turnover of 28 lots.
Market analysts said besides profit-booking, a weak trend in base metals overseas after data showed manufacturing contracted in China, the world's biggest consumer mainly weighed on nickel futures here.