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Nickel prices recovered by 0.56% to Rs 1,012.20 per kg in the futures market today amid a firming trend in base metals overseas.
Besides, pick up in demand from alloy-makers in the spot markets, supported the upside.
At the Multi Commodity Exchange, nickel for delivery in October gained Rs 5.60, or 0.56%, to Rs 1,012.120 per kg in a business turnover of 535 lots.
The metal for delivery in November rose Rs 5.40, or 0.53%, to Rs 1,019 per kg in nine lots.
Market analysts said apart from increased domestic demand from alloy-makers, firmness in base metals on the London Metal Exchange (LME) before trade data from China, the world's largest metals consumer, influenced nickel futures here.
