 "Nickel up by 0.3% on firm demand")
Nickel prices moved up by Rs 2 to Rs 599.40 per kg in futures market today after speculators widened positions, tracking a firming trend in spot market on increased demand from alloy-makers.
Metal's strength at the London Metal Exchange also supported the upside in nickel futures.
At the Multi Commodity Exchange, nickel for delivery in April gained Rs 2, or 0.33%, to Rs 599.40 per kg, in a business turnover of 17 lots.
Market analysts said increased domestic demand from alloy-makers and a firm trend in select base metals at the LME influenced nickel futures.
Metal's strength at the London Metal Exchange also supported the upside in nickel futures.
At the Multi Commodity Exchange, nickel for delivery in April gained Rs 2, or 0.33%, to Rs 599.40 per kg, in a business turnover of 17 lots.
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In a similar manner, the metal for delivery in current month rose by Rs 1.60, or 0.27%, to Rs 593.20 per kg in 983 lots.
Market analysts said increased domestic demand from alloy-makers and a firm trend in select base metals at the LME influenced nickel futures.