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Taking positive cues from the overseas market, nickel futures moved up by 0.37% to Rs 1,133.60 per kg today as speculators enlarged positions.
Besides, rising demand at domestic spot markets supported the upside.
At the Multi Commodity Exchange, nickel for delivery in August gained Rs 4.20, or 0.37%, to Rs 1,133.60 per kg in a business turnover of 182 lots.
In a similar fashion, the metal for delivery in September rose Rs 3.50, or 0.31%, to Rs 1,140 per kg in 56 lots.
Market analysts said apart from increased domestic demand from alloy-makers, firmness in base metals at London Metal Exchange influenced nickel futures here.
