Nickel futures little changed

01/12/2016 16:41

Nickel futures were little changed during evening trade in the domestic market on Thursday as investors and speculators exited their positions in the industrial metal despite rally in global crude after OPEC ministers forged a deal to cut oil production.

Oil prices rallied after major producers agreed to trim oil production for the first time in 8 years.

At the MCX, nickel futures for December 2016 contract is trading at Rs 767.50 per kg, down by 0.07 per cent, after opening at Rs 767.50, against a previous close of Rs 768. It touched the intra-day low of Rs 765.20 (at 16:38 hours).

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