 "Nickel up marginally on global cues")
Supported by a firming trend in the global market and increased demand from alloy-makers, nickel prices rose marginally by 0.10 per cent to Rs 819.30 per kg in futures trade today as speculators created fresh positions.
At the Multi Commodity Exchange, nickel for delivery in May gained by 80 paise, or 0.10 per cent, to Rs 819.30 per kg, with a business turnover of 579 lots.
June nickel traded higher by 70 paise, or 0.08 per cent, to Rs 826.30 per kg, in a turnover of 23 lots.
Marketmen said the rise in nickel prices at futures trade was mostly on the back of a firming trend in global markets on speculation that demand may improve in China, the biggest user and rising spot demand at domestic markets from alloy-makers.
At the Multi Commodity Exchange, nickel for delivery in May gained by 80 paise, or 0.10 per cent, to Rs 819.30 per kg, with a business turnover of 579 lots.
June nickel traded higher by 70 paise, or 0.08 per cent, to Rs 826.30 per kg, in a turnover of 23 lots.
Marketmen said the rise in nickel prices at futures trade was mostly on the back of a firming trend in global markets on speculation that demand may improve in China, the biggest user and rising spot demand at domestic markets from alloy-makers.