Daily Buzz
NICKEL
Nickel prices shot up by 0.82 per cent to Rs 1,022.80 per kg in the futures market today as speculators enlarged their positions, tracking a firming trend in spot market on increased demand from alloy-makers. Besides, an encouraging trend in copper and other base metals in the global markets supported the upside. At the Multi Commodity Exchange, nickel for delivery in current month gained Rs 8.30, or 0.82 percent, to Rs 1,022.80 per kg in business turnover of 681 lots. The metal for delivery in January next year rose by Rs 7.70, or 0.75 percent, to trade at Rs 1,028.40 per kg in 27 lots.
Nickel prices shot up by 0.82 per cent to Rs 1,022.80 per kg in the futures market today as speculators enlarged their positions, tracking a firming trend in spot market on increased demand from alloy-makers. Besides, an encouraging trend in copper and other base metals in the global markets supported the upside. At the Multi Commodity Exchange, nickel for delivery in current month gained Rs 8.30, or 0.82 percent, to Rs 1,022.80 per kg in business turnover of 681 lots. The metal for delivery in January next year rose by Rs 7.70, or 0.75 percent, to trade at Rs 1,028.40 per kg in 27 lots.
ZINC
Zinc futures edged up by 0.11 per cent to Rs 137.15 Per kg amid a firm global trend and better domestic demand as speculators enlarged positions. At the Multi Commodity Exchange, zinc for delivery in January next year month edged up by 15 paise, or 0.11 percent, to Rs 137.15 per kg, with a business turnover of two lots. The metal for delivery in current month also rose by 10 paise, or 0.07 per cent, to Rs 136.45 per kg with a business turnover of 128 lots.
Zinc futures edged up by 0.11 per cent to Rs 137.15 Per kg amid a firm global trend and better domestic demand as speculators enlarged positions. At the Multi Commodity Exchange, zinc for delivery in January next year month edged up by 15 paise, or 0.11 percent, to Rs 137.15 per kg, with a business turnover of two lots. The metal for delivery in current month also rose by 10 paise, or 0.07 per cent, to Rs 136.45 per kg with a business turnover of 128 lots.
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