Nickel futures fall 2.33 pc on weak spot cues

New Delhi, Mar 18 () Nickel prices on Wednesday fell 2.33 per cent to Rs 869 per kg in futures trade after participants offloaded their positions amid weak demand at spot market.

On the Multi Commodity Exchange, nickel contracts for March delivery traded down by Rs 20.70, or 2.33 per cent, to Rs 869 per kg with a business turnover of 6,947 lots.

Similarly, nickel contracts for April delivery eased by Rs 14.70, or 1.66 per cent, to Rs 870.20 per kg in 133 lots.

Analysts said subdued demand in spot market mainly led to fall in nickel prices here. VHP SHWSHW