 "Nickel up by 0.1% on good demand")
Nickel prices moved up by 0.15% to Rs 792.90 per kg in futures market today after speculators enlarged positions, tracking a firming trend in spot market on increased demand from alloy-makers.
Besides, the metal's gain in global markets supported the upside.
At the Multi Commodity Exchange, nickel for delivery in April gained Rs 1.20, or 0.15%, to Rs 792.90 per kg in business turnover of 1,550 lots.
Market analysts said apart from hardening domestic demand from alloy-makers, firmness in base metal at the London Metal Exchange influenced nickel futures here.
Besides, the metal's gain in global markets supported the upside.
At the Multi Commodity Exchange, nickel for delivery in April gained Rs 1.20, or 0.15%, to Rs 792.90 per kg in business turnover of 1,550 lots.
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In a similar fashion, the metal for delivery in May rose 90 paise, or 0.11%, to Rs 800 per kg in 23 lots.
Market analysts said apart from hardening domestic demand from alloy-makers, firmness in base metal at the London Metal Exchange influenced nickel futures here.