Nickel prices rose by 0.21 per cent to Rs 894 per kg in futures trade Thursday after participants enlarged their portfolios amid increased demand at the spot markets and positive global cues.
In futures trading at the Multi Commodity Exchange, nickel for delivery in October contracts was up Rs 1.90, or 0.21 per cent, to Rs 894 per kg in a business turnover of 14,289 lots.
Market analysts said raising of bets by traders backed by strong demand from alloy-makers at the domestic spot markets and a firm trend overseas, supported the upside in nickel prices at futures trade here.
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