DAILY BUZZ
NICKEL
Nickel prices moved up by Rs
4.40 to Rs 1,130.70 per kg in futures market today after speculators
enlarged positions, tracking a firming trend in spot market on
increased demand from alloy-makers.
Besides, an encouraging
trend in select base metals in the global markets, supported the
upside.
At the Multi Commodity
Exchange, nickel for delivery in current month gained Rs 4.40, or
0.39 per cent, to Rs 1,130.70 per kg in a business turnover of 407
lots.
In a similar fashion, the
metal for delivery in October rose by Rs 3.70, or 0.33 per cent, to
Rs 1,136.70 per kg in 5 lots.
LEAD
Lead prices shed 0.11 per
cent to Rs 136.15 per kg in futures trading today as speculators
trimmed positions amidst a weak trend in the spot markets due to
subdued demand from battery-makers.
At the Multi Commodity
exchange, lead for delivery in October eased by 15 paise, or 0.11 per
cent, to Rs 136.15 per kg in a business turnover of one lot. The
metal for delivery in September fell 10 paise, or 0.07 per cent, to
Rs 135.45 per kg in a business volume of 177 lots.
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Bank nifty traded down with low prices of 119.25 or -0.76% to 15990.35 led by down bank of india, canara bank, Federal bank, PNB down above 2%.
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