Nickel futures extended their wild losing streak. Media reports noted that the metal tanked by the daily limit for a fourth straight session on the London Metal Exchange as prices continue their retreat after spiking to an all time high earlier this month in an unprecedented short squeeze amid low exchange inventories and worries over Russia-Ukraine war. The MCX Nickel futures are also down 15% to Rs 2270 per kg for the April contract. The counter had spiked above Rs 3500 per kg earlier this month.
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