Nickel futures in reverse gear

Nickel futures fell during evening trade in the domestic market on Wednesday as investors and speculators indulged in cutting down their bets in the industrial metal on subdued physical demand from consuming industries at the domestic market.

           At the MCX, nickel futures for December 2016 contract is trading at Rs 740.20 per kg, down by 0.36 per cent, after opening at Rs 744, against a previous close of Rs 742.90. It touched the intra-day low of Rs 739.50.

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