 "Nickel edges up 0.4% on rising demand")
Buoyed by a firming trend in base metals overseas, nickel prices moved up 0.41 per cent to Rs 739.50 per kg in futures trading today as speculators created fresh positions.
Rising demand at domestic spot markets from alloy-makers supported the upside.
At the Multi Commodity Exchange, nickel for delivery in August contracts rose Rs 3, or 0.41 per cent, to Rs 739.50 per kg in a business turnover of 38 lots.
Market analysts said a firming trend at the London Metal Exchange (LME) where base metals strengthened and rising demand at domestic spot markets from alloy-makers mainly led to rise in nickel futures here.
Rising demand at domestic spot markets from alloy-makers supported the upside.
At the Multi Commodity Exchange, nickel for delivery in August contracts rose Rs 3, or 0.41 per cent, to Rs 739.50 per kg in a business turnover of 38 lots.
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Metal for delivery in July was up Rs 2.60, or 0.36 per cent, to Rs 732 per kg in 1,260 lots.
Market analysts said a firming trend at the London Metal Exchange (LME) where base metals strengthened and rising demand at domestic spot markets from alloy-makers mainly led to rise in nickel futures here.