Nickel moves up in futures trade on global cues

 

Nickel prices moved up by Rs 2 to Rs 849.60 per kg in futures trading today as speculators created fresh positions, driven by a firm global trend.
    
At the Multi Commodity Exchange, nickel for delivery in July rose Rs 2, or 0.24%, to Rs 849.60 per kg in business turnover of 20 lots.
    
Similarly, nickel for delivery in June traded higher by Rs 1.70, or 0.20%, to Rs 841.80 per kg in 2,352 lots.
    
Market analysts said speculators created fresh positions in tandem with a firm global trend mainly led to rise in nickel prices at futures trade.