 "Nickel up 0.1% on firm demand, global cues")
Nickel prices moved up by 0.19% to Rs 825.50 per kg in the futures market today as speculators enlarged their positions, tracking a firming trend in spot market on increased demand from alloy-makers.
Besides, an encouraging trend in copper and other base metals in the global markets supported the upside.
At the Multi Commodity Exchange, nickel for delivery in July gained Rs 1.60, or 0.19%, to Rs 825.50 per kg in business turnover of 2,400 lots.
Market analysts said apart from increased domestic demand from alloy-makers, firmness in base metals overseas.
Besides, an encouraging trend in copper and other base metals in the global markets supported the upside.
At the Multi Commodity Exchange, nickel for delivery in July gained Rs 1.60, or 0.19%, to Rs 825.50 per kg in business turnover of 2,400 lots.
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Nickel for delivery in August rose by Rs 1.30, or 0.16%, to trade at Rs 833.10 per kg in 112 lots.
Market analysts said apart from increased domestic demand from alloy-makers, firmness in base metals overseas.