Nickel futures were little changed during evening trade in the domestic market on Friday as investors and speculators remained on the sidelines
in the industrial metal as global nickel miners are coming under renewed pressure to cut costs or close capacity as a flood of cheap ore pushes prices to one-year lows, with analysts seeing little prospect of recovery.
Further, British Prime Minister Theresa May spectacularly lost her electoral gamble,
A ccording to an exit poll that suggested her Conservatives would fall short of a majority in parliament, throwing her Brexit plans into disarray.
At the MCX, nickel futures for June 2017 contract is trading at Rs 567.80 per kg, down by 0.02 per cent, after opening at Rs 568, against a previous close of Rs 567.90.
It touched the intra-day low of Rs 566.
No comments:
Post a Comment