Furthermore, rising demand at the domestic spot market from alloy-makers also supported the upside.
At Multi Commodity Exchange, nickel for delivery in October contracts rose Rs 5.20, or 0.77 per cent, to Rs 681.20 per kg in a business turnover of 22 lots.
Metal for delivery in this month contracts was up Rs 5, or 0.75 per cent, to Rs 673.80 per kg in 753 lots.
Analysts said a firming trend at the London Metal Exchange (LME) where base metals strengthened amid signs that the turmoil in China's financial markets is subsiding, easing concerns about growth in the world's biggest consumer, mainly led to 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 →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
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
SAVE 25%