Nickel futures were trading lower during the morning trade in the domestic market on Thursday as participants reduced exposure amid weak global cues and profit-booking. Market analysts said, apart from profit-booking by participants, a weak trend in select base metals overseas, weighed on nickel futures.
At the MCX, nickel futures for May 2018 contract is trading at Rs 931.00 per kg, down by 0.33 per cent, after opening at Rs 928.00, against a previous close of Rs 934.10. It touched the intra-day low of Rs 928.
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