Mumbai, Aug. 18 -- The Multi Commodity Exchange of India Ltd has announced modifications to the contract specifications of Nickel futures contracts.

The changes that took effect from today, are designed to enhance market efficiency, improve delivery flexibility, and bring Indian contracts in line with global practices, the commodity exchange said in a statement Monday.

The modifications include changes to the trading unit, expiry date, and delivery arrangements.

The trading unit will be reduced from 1500 kgs to 250 kgs, effective from the September 2025 expiry contract onwards.

The last trading day of the contract will be shifted from the last calendar day of the expiry month to the third Wednesday of the expiry month, or the precedin...