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Nickel futures dropped 0.23% to Rs 880.80 per kg today as participants locked in gains amid a weak trend overseas.
At the Multi Commodity Exchange, nickel for delivery in February eased by Rs 2, or 0.23%, to Rs 880.80 per kg in a business turnover of 412 lots.
The metal for delivery in March fell by Rs 1.80, or 0.20%, to trade at Rs 890 per kg in a turnover of 412 lots.
Market analysts said besides profit-booking, spot demand at domestic markets and a weak trend in base metals overseas ahead of manufacturing data from China, the world's biggest consumer, mainly weighed on nickel futures here.
