Nickel futures gain 0.26 pc as participants create position

Nickel prices rose 0.26 per cent to Rs 773.50 per kg in futures trade today as speculators enlarged positions on positive cues from domestic spot markets.
At the Multi Commodity Exchange, nickel for delivery in December was trading higher by Rs 2, or 0.26 per cent, to Rs 773.50 per kg, in a business turnover of 32 lots.
Similarly, the metal for delivery in November rose by Rs 1.60, or 0.21 per cent, to Rs 769.10 per kg in 847 lots.
Market analysts attributed the rise in nickel futures to a firm trend in industrial metals at the domestic spot markets from alloy-makers.