 "Nickel gains by 0.3% on positive global cues")
Nickel prices rose 0.31% to Rs 802 per kg in futures trade today as speculators enlarged positions on positive cues from global markets.
Besides, increased demand from alloy-makers in the domestic spot market, supported the uptrend.
At the Multi Commodity Exchange, nickel for delivery in May traded higher by Rs 2.50, or 0.31%, to Rs 802 per kg in a business turnover of 15 lots.
Analysts attributed the rise in nickel futures to a firm global trend and pick up in demand form alloy-makers in the spot markets.
Besides, increased demand from alloy-makers in the domestic spot market, supported the uptrend.
At the Multi Commodity Exchange, nickel for delivery in May traded higher by Rs 2.50, or 0.31%, to Rs 802 per kg in a business turnover of 15 lots.
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Similarly, the metal for delivery in April traded higher by Rs 2.20, or 0.28%, to Rs 794 per kg in 731 lots.
Analysts attributed the rise in nickel futures to a firm global trend and pick up in demand form alloy-makers in the spot markets.