New Delhi, July 21 (PTI) After witnessing a week-long winning streak, nickel futures today turned weak and lost up to 1.18 per cent on the Multi Commodity Exchange as traders took profits at current higher prices amid overnight weakness on the London Metal Exchange. At the MCX platform, nickel for delivery in July month contract fell by 1.18 per cent at Rs 782.30 per kg with an open interest of 5,827 lots. The metal for delivery in August month contract also showed weakness and traded 1.17 per cent down at RS 782.30, having an open interest of 1,315 lots. Market analysts said besides profit-booking by traders, weak global cues also weighed on the metal prices in the futures trade. At the LME, nickel dipped 1.08 per cent at USD 16,050 a tonne in the yesterday''s trade.
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