MCX NCDEX TIPS ~ TODAY’S COMMODITY TIPS April 28,2014

[reena sharma]

NICKEL 

• Amid a weak trend in the global markets and subdued domestic demand, nickel traded 0.59 per cent lower at Rs 1,126 per kg in futures trade on Friday as speculators reduced their positions. 
  
• At the Multi Commodity Exchange, nickel for delivery in May fell 6.70, or 0.59 per cent, to Rs 1,126 per kg in a business turnover of 574 lots. 
  
• The metal for delivery in April was also down by Rs 6.50, or 0.58 per cent, to Rs 1,119.10 per kg in a turnover of 3,752 lots. 
  
• Analysts said the fall in nickel prices at futures trade was mostly in tandem with a weakening trend in the metal at the London Metal Exchange (LME).
  

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