Published on 2009-08-11 13:29:00
Singapore - India August MCX nickel futures trading up 2.5% at INR971.60/kg on fresh buying after breach of key INR960 resistance; open interest up around 18%. "Also, weak INR (down 0.3%) and firm global equity markets are supporting the local prices," says STCI Commodities trader Kapil Gandhi. In other metals, aluminum up 1.5% at INR94/kg, lead up 1.3% at INR89/kg while zinc up 1.4% at INR88.10/kg
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