 "Nickel up 0.34% on positive global cues, spot demand")
Nickel prices rose 0.34 per cent to Rs 912.50 per kg in the futures market today as speculators enlarged positions after the metal surged at the London Metal Exchange.
Besides, increased demand in spot markets from domestic alloy makers influenced nickel prices.
At the Multi Commodity Exchange, nickel for delivery in February gained Rs 3.10, or 0.34 per cent, to Rs 912.50 per kg in a business turnover of 178 lots.
Globally, nickel for delivery in three months at the LME added as much as 0.4 per cent to $14,700 per tonne.
Besides, increased demand in spot markets from domestic alloy makers influenced nickel prices.
At the Multi Commodity Exchange, nickel for delivery in February gained Rs 3.10, or 0.34 per cent, to Rs 912.50 per kg in a business turnover of 178 lots.
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Analysts said apart from increased domestic demand from alloy makers, firmness in the metal at the London Metal Exchange (LME) as investors await the outcome of negotiations between Greece and euro-area finance chiefs, supported the upside.
Globally, nickel for delivery in three months at the LME added as much as 0.4 per cent to $14,700 per tonne.