 "Nickel up 0.2% on spot demand")
Nickel prices moved up by 0.28% to Rs 986.80 per kg in futures market today as speculators enlarged their positions, tracking a firming trend in spot market on increased demand from alloy-makers even as metal weakened overseas.
At the Multi Commodity Exchange, nickel for delivery in April gained Rs 2.80, or 0.28%, to Rs 986.80 per kg in business turnover of 1,616 lots.
Similarly, the metal for delivery in May rose by Rs 2.70, or 0.27%, to Rs 993.30 per kg in 58 lots.
Market analysts said increased domestic demand from alloy-makers mainly supported the upside in nickel futures but metal's losses at the London Metal Exchange, limited the gains.
At the Multi Commodity Exchange, nickel for delivery in April gained Rs 2.80, or 0.28%, to Rs 986.80 per kg in business turnover of 1,616 lots.
Similarly, the metal for delivery in May rose by Rs 2.70, or 0.27%, to Rs 993.30 per kg in 58 lots.
Market analysts said increased domestic demand from alloy-makers mainly supported the upside in nickel futures but metal's losses at the London Metal Exchange, limited the gains.