ZOID RESEARCH:NICKEL

Nickel was the only metal in the group traded higher and settled at $15780, up by $130 from its previous close at the LME platform. Despite a lot of economic problems mounting globally and especially in China, one of the largest consumers of nickel in the world, it is not showing any decline which is basically due to the low supply in the market. At the domestic markets, the March futures settled at Rs 969.40, up by Rs 14+ from its previous close.

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