Market and product
Nickel down 0.7% on subdued demand
At the Multi Commodity Exchange, nickel for delivery in January month declined by Rs 6.70, or 0.68% to Rs 977 per kg in business turnover of 1,435 lots.
Similarly, the metal for delivery in February contract moved down by Rs 6.20, or 0.68% to Rs 983.60 per kg in 22 lots.
Marketmen said apart from low demand from alloy-makers at domestic spot markets, metal's weakness at the London Metal Exchange (LME) put pressure on nickel prices at futures trade here.
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