NICKEL, COPPER, ALUMINIUM FUTURES TRADE OVER 1 PERCENT GAINS

Commodity Prices traded mixed on Friday as base metals were trading higher while precious metals were trading lower in morning session. Nickel Stood as top gainer, gained above 1% after heavy fall in previous session. Copper and Aluminium futures were also gained over 1%. Lead and Zinc were trading higher, up by nearly 1 %.

Oil rallied on Friday as OPEC and its allies have agreed to keep production unchanged into April. On MCX, Crude oil Mar future was trading over half per cent gain and touched a intraday high of Rs.4741 per barrel. Natural Gas stood as top loser, down by 1 % at Rs. 198.70 per mmBtu.

Bullion prices have weakened further. Gold April future breached the key support of Rs 44,550 and traded down by 0.47% at Rs. 44308 per 10 gm. Silver May future traded down by 0.92% at Rs. 65316 per kg.