 "Nickel up by 0.7% on firm demand")
Nickel prices moved up by Rs 3.90 to Rs 571.50 per kg in futures market today after speculators widened positions, tracking a firming trend in spot market on increased demand from alloy-makers.
However, metal's weakness at the London Metal Exchange restricted the upside.
At the Multi Commodity Exchange, nickel for delivery in January 2016 gained Rs 3.90, or 0.69%, to Rs 571.50 per kg in business turnover of 376 lots.
In a similar manner, the metal for delivery in current month rose by Rs 3.80, or 0.68%, to Rs 565.40 per kg in 1,780 lots.
Market analysts said increased domestic demand from alloy-makers and other consuming industries influenced nickel futures here but metal's weakness at the LME limited the gains.
