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Nickel up by 0.4% on global cues

Speculators enlarged their positions amid a firming trend overseas

Press Trust of India New Delhi
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.

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First Published: Oct 07 2014 | 11:40 AM IST

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