 "Nickel up 0.2% on spot demand")
Nickel prices moved up by 0.29% to Rs 885.10 per kg in futures market today as speculators created fresh positions after pick up in demand from alloy-makers in the spot market.
At the Multi Commodity Exchange, nickel for delivery in November moved up by Rs 2.60, or 0.29% to Rs 885.10 per kg in business turnover of 950 lots.
Similarly, the metal for delivery in December edged up by Rs 2.10, or 0.24%, to Rs 892.50 per kg in 33 lots.
Analysts said speculators created fresh positions on the back of pick up in demand from alloy-maker in the spot market, which mainly led to rise in nickel prices at futures trade.
At the Multi Commodity Exchange, nickel for delivery in November moved up by Rs 2.60, or 0.29% to Rs 885.10 per kg in business turnover of 950 lots.
Similarly, the metal for delivery in December edged up by Rs 2.10, or 0.24%, to Rs 892.50 per kg in 33 lots.
Analysts said speculators created fresh positions on the back of pick up in demand from alloy-maker in the spot market, which mainly led to rise in nickel prices at futures trade.