 "Nickel trades higher by 0.4% in trade")
Nickel traded higher by 0.46% to Rs 827.60 per kg in futures trading today on the back of pick-up in demand from alloy-makers in the spot market even as metal weakened at the London Metal Exchange.
At the Multi Commodity Exchange, nickel for delivery in June rose by Rs 4.20, or 0.46%, to Rs 827.60 per kg in business turnover of 10,990 lots.
Similarly, nickel for delivery in the July contract moved up by Rs 3.50, or 0.42%, to Rs 833.20 per kg in 791 lots.
Market analysts attributed the rise in nickel futures to rising demand from alloy-makers in the spot market but metal's weakness at the London Metal Exchange, capped the gains.
At the Multi Commodity Exchange, nickel for delivery in June rose by Rs 4.20, or 0.46%, to Rs 827.60 per kg in business turnover of 10,990 lots.
Similarly, nickel for delivery in the July contract moved up by Rs 3.50, or 0.42%, to Rs 833.20 per kg in 791 lots.
Market analysts attributed the rise in nickel futures to rising demand from alloy-makers in the spot market but metal's weakness at the London Metal Exchange, capped the gains.