Nickel trading range for the day is 975.3-1049.3.
Nickel dropped on profit booking with pressure from escalating trade tensions between the United States
China’s central bank said it would cut the amount of cash that some banks must hold as reserves by 50 basis points (bps), releasing $108 billion in liquidity.
Fears of a full-blown trade war with Washington had magnified concerns about the outlook following weaker-than-expected growth data for May.
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Nickel dropped on profit booking with pressure from escalating trade tensions between the United States
China’s central bank said it would cut the amount of cash that some banks must hold as reserves by 50 basis points (bps), releasing $108 billion in liquidity.
Fears of a full-blown trade war with Washington had magnified concerns about the outlook following weaker-than-expected growth data for May.
Subscribe now for best Bank Nifty Options and Stock Market Live
For quick free trial click here > 911 133 9000
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