Nickel futures slide on tepid demand

New Delhi, Feb 11 (PTI) Nickel prices fell 0.4 per cent to Rs 1,353 per kg in the futures trade on Thursday, 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 5.50, or 0.4 per cent, to Rs 1,353 per kg with a business turnover of 2,629 lots.

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