Nickel futures traded 0.51 per cent lower at Rs 921 per kg on Tuesday as participants reduced their exposure to book profits amid weak global cues.

Besides, muted demand at the domestic spot markets from consuming industries too weighed on the prices.

At the Multi Commodity Exchange, nickel for delivery in current month fell by Rs 4.70, or 0.51 per cent, to Rs 921 per kg in a business turnover of 616 lots.

Market analysts said profit-booking coupled with a weak trend in select base metals overseas mainly weighed on nickel futures.

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