 "Nickel up 0.4% on global cues, industrial demand")
Nickel prices firmed up marginally to Rs 994.80 per kg in futures market today on strong global cues and good industrial demand.
At the Multi Commodity Exchange, nickel for delivery in March gained Rs 4.90, or 0.48%, to Rs 994.80 per kg in business turnover of 4,014 lots.
The metal for delivery in April rose by Rs 4.40, or 0.46%, to Rs 999.90 per kg in 383 lots.
Globally, nickel for delivery in three months climbed as much as 0.7% to $16,310 a tonne at the LME, the highest intra day level since April 10.
At the Multi Commodity Exchange, nickel for delivery in March gained Rs 4.90, or 0.48%, to Rs 994.80 per kg in business turnover of 4,014 lots.
The metal for delivery in April rose by Rs 4.40, or 0.46%, to Rs 999.90 per kg in 383 lots.
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Analysts said apart from increased domestic demand from alloy-makers, firming trend at the London Metal Exchange (LME) helped nickel futures to trade higher.
Globally, nickel for delivery in three months climbed as much as 0.7% to $16,310 a tonne at the LME, the highest intra day level since April 10.