Nickel futures traded lower on MCX as participants offloaded their holdings amid weak demand from alloy-makers and other consuming industries at the domestic spot market. The contract for September delivery was trading at Rs 686.80, down by 1.09% or Rs 7.60 from its previous closing of Rs 694.40. The open interest of the contract stood at 16792 lots.

The contract for October delivery was trading at Rs 693.00, down by 1.10% or Rs 7.70 from its previous closing of Rs 700.70. The open interest of the contract stood at 3552 lots on MCX.

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