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Nickel up 0.35% on overseas cues

Increased demand from alloy-makers supported the trade

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Press Trust of India New Delhi
Last Updated : Jan 29 2013 | 2:34 PM IST

Nickel futures for January rose by Rs 3.30, or 0.35%, to Rs 938.70 per kg in 1,820 lots.

At the Multi Commodity Exchange, the February contract traded higher by Rs 2.70, or 0.29%, to Rs 945.40 per kg in 258 lots.

Speculators enlarging their positions supported the trade.

Pick-up in domestic demand, mostly from alloy-makers also helped gains.

Strong metals at the London Metal Exchange (LME), influenced nickel futures trade here.

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First Published: Jan 23 2013 | 2:04 PM IST

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