Business Standard

Nickel up 0.4% on overseas cues

Prices moved up after speculators enlarged their position

Press Trust of India New Delhi
Nickel futures for April gained Rs 3.970, or 0.44%, to Rs 885.20 per kg in 594 lots.     

At the Multi Commodity Exchange (MCX), th May contract rose by Rs 3.60, or 0.40%, to Rs 893.90 per kg in 42 lots.

Prices moved up after speculators enlarged their position amid increased spot market demand from alloy-makers.

Besides, firming trend in the base metals pack at the London Metal Exchange (LME) also supported the upside.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 09 2013 | 2:04 PM IST

Explore News