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Nickel prices closed higher by 0.67 per cent on Wednesday at the Multi Commodity Exchange (MCX) in the midst of a pick up in the demand from alloy makers in the market.

Nickel prices closed higher by 0.67 per cent on Wednesday at the Multi Commodity Exchange (MCX) in the midst of a pick up in the demand from alloy makers in the market.

Nickel prices closed higher by 0.67 per cent on Wednesday at the Multi Commodity Exchange (MCX) in the midst of a pick up in the demand from alloy makers in the market. Nickel futures for December 2012 contract, at MCX, closed at Rs. 887.40 per kg, up by 0.67 per cent after opening at Rs. 884.50 against the previous closing price of Rs. 881.50. It touched the intra-day high of Rs. 893.20. Major producers of Nickel are Russia, followed by Australia, Canada, New Caledonia and Indonesia, which represents over 65 per cent of total world production.

Nickel prices closed higher by 0.67 per cent on Wednesday at the Multi Commodity Exchange (MCX) in the midst of a pick up in the demand from alloy makers in the market.

The world's fifth-largest maker of wind turbines was one of many Indian companies that rushed to tap the convertible bonds market before the global financial crisis, mostly to finance overseas acquisitions.

Mahindra & Mahindra, India's largest multinational automobile company, maker, has showed a 7.25 per-cent decline in total profit to Rs 831 cr. for the quarter to June, compared to Rs 896cr in the year-ago time, faring better at the time than analysts apprehended.

Prices of Barley closed low by 1.08 per-cent yesterday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors booked profits at the higher on account of the weak physical markets and also due to the fell down in the requirement from beer and cattle-feed makers.

Money Maker Research & Investment Advisor Pvt. Ltd., a trusted name in the financial services arena, provides you with the entire gamut of financial advisory services under one ceiling. It is one of the few organizations providing research and information on Indian capital markets mainly based on Technical Analysis and enjoys a strong reputation amongst investors, brokers and researchers. Our team is highly skilled with experienced analysis. Our efforts are to provide you more & more profit in every trade. We are here to help you to grow your financial position by Short-Term investing or Trading in Indian Stock Market. Our flexible packages are so suitable to everybody, so you can choose our packages as per your requirement. We provide trade alerts via sms every day and live tips.

In the global market, Gold is trading sluggishly. At COMEX Gold is trading on 1301.4 $ with a slight decline of 0.15%. Silver is trading at 16.9$, slipped 0.3%.

Here are recommendation for today's trading session- State Bank of India Sell State Bank of India below 1854,.......... Read More Here-

GOLD (DEC), SILVER (DEC), COPPER (NOV TREND: CONSOLIDATE. CRUDE (DEC) TREND:BEARISH