Nickel futures today moved up by 0.26%, largely on the back of pick-up in spot demand from alloy makers amid a firming trend in base metals overseas.
At the Multi Commodity Exchange, the April contract rose by Rs 2.40, or 0.26%, to Rs 928 per kg, clocking a turnover of 1,171 lots.
The May contract was trading higher by Rs 2.20, or 0.23%, at Rs 939 per kg, with a trading volume of 201 lots.
Meanwhile, nickel added 0.90% to $17,700 a tonne in early trade today 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.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app