Nickel futures were trading lower during afternoon trade in the domestic market on Wednesday as investors and speculators indulged in profit-booking in the industrial metal on the slide in physical demand amid firm US dollar. The greenback remained firm ahead of a clutch of speeches from US Fed officials this week for clues on the timing of possible interest rate hike. At the MCX, nickel futures for February 2017 contract is trading at Rs 718.40 per kg, down by 0.43 per cent, after opening at Rs 723.40, against a previous close of Rs 721.50. It touched the intra-day low of Rs 716.
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