Subdued demand hurts nickel futures

Nickel futures fell during evening trade in the domestic market on Thursday as investors and speculators exited their bets in the industrial metal to book profits amid subdued demand and concerns about demand growth in the world's top commodities market lingered. Also, participants indulged in speeding up book-squaring ahead of year-end holidays.

 

  At the MCX, nickel futures for December 2016 contract is trading at Rs 685.70 per kg, down by 0.19 per cent, after opening at Rs 690, against a previous close of Rs 687. It touched the intra-day low of Rs 684

 

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