Nickel marginally up on spot demand, global cues
Nickel futures today moved up marginally by 50 paise to Rs 936.70 per kg on the back of pick-up in spot demand amid a firming trend in base metals overseas.
At the Multi Commodity Exchange, the April contract rose by 50 paise, or 0.02%, to Rs 936.70 per kg, clocking a turnover of 1,360 lots.
The May delivery was trading higher by 30 paise, or 0.01%, at Rs 947 per kg, with a trading volume of 72 lots.
Meanwhile, nickel traded a shade higher at $18,099 a tonne on the London Metal Exchange (LME).
Analysts said besides pick-up in domestic demand from alloy-makers, a firming trend in copper and other base metals at the LME supported the rise in nickel futures here.