Nickel prices recovered by Rs 3.30, or 0.32 per cent to Rs 1,020.80 per kg in futures trade helped by a recovery in the global markets.
Good demand from domestic alloy makers at the physical markets also influenced nickel futures prices.
At the Multi Commodity Exchange counter, nickel for May contract recovered by Rs 3.30, or 0.32 per cent to Rs 1,020.80 per kg, with a business turnover of 1,736 lots.
The metal for delivery in June contract also rose by a similar margin to Rs 1,022.50 per kg, with a turnover of 124 lots.
Analysts said, a modest recovery in nickel was mostly due to a rise in copper prices at the London Metal Exchange and strong demand from domestic alloy makers but worries about how Beijing may try to curb inflation as well as the euro zone debt crisis, capped gains in metal at futures market here.
