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Nickel futures rose 0.39% to Rs 1,037.60 per kg today after speculators enlarged their positions amid a firming trend overseas.
At the Multi Commodity Exchange, nickel for delivery in December rose by Rs 7, or 0.39%, to Rs 1,037.60 per kg in a business turnover of just one lot.
Analysts said besides rising spot demand, a firming trend in the base metals pack at the London Metal Exchange (LME), helped nickel futures to trade higher.
Globally, nickel for delivery in three months gained as much as $135, or 0.80%, to $16,835 a tonne.
