Nickel futures today moved up marginally by 0.13% to Rs 961 per kg, amid a firming trend in the entire base metals pack overseas.
In addition, a pick-up in demand from alloy-makers in the spot market influenced nickel futures prices.
At the Multi Commodity Exchange, March nickel rose by Rs 1.20, or 0.13%, to Rs 961 per kg, clocking a turnover of 444 lots.
The April delivery was trading higher by Rs 1.25 or 0.12%, at Rs 973.45 per kg, with a trading volume of 61 lots.
Meanwhile, nickel advanced 0.2% to $19,079 a tonne on the London Metal Exchange (LME).
Analysts said besides increased demand from alloy-makers in the spot market, a rebound in copper and other base metals at the LME after a report showed US housing starts in February hovered near a three-year high, bolstering the demand outlook for metals, supported the rise in nickel futures here.
