Nickel futures slide on tepid demand

New Delhi, Feb 17 (PTI) Nickel prices fell 0.51 per cent to Rs 1,358.80 per kg in the futures trade on Wednesday after participants offloaded their positions amid weak demand in the spot market.

On the Multi Commodity Exchange, nickel contracts for the February delivery traded lower by Rs 6.90, or 0.51 per cent, to Rs 1,358.80 per kg with a business turnover of 2,291 lots.

Analysts said subdued demand in the spot market mainly led to the fall in nickel futures prices. PTI SHW HRS hrs