 "Nickel rises by 0.1% on Asian cues")
Nickel prices gained 0.13% to Rs 824.40 per kg in the futures market today as traders strengthened positions amid a firming Asian cues.
Besides, increased demand in spot markets from domestic alloy-makers, influenced nickel prices.
At the Multi Commodity Exchange, nickel for delivery in July month contracts was up by Re one, or 0.13%, to Rs 824.40 per kg in a business turnover of 79 lots.
Analysts said apart from increased domestic demand from alloy-makers, a firming trend in Asian trade amid signs of strengthening demand for the metal from China, the world's biggest consumer, supported the upside.
Globally, nickel for September delivery on the Shanghai Futures Exchange up 0.8% to 95,190 yuan ($15,333) per tonne.
Besides, increased demand in spot markets from domestic alloy-makers, influenced nickel prices.
At the Multi Commodity Exchange, nickel for delivery in July month contracts was up by Re one, or 0.13%, to Rs 824.40 per kg in a business turnover of 79 lots.
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The metal for delivery in June rose 50 paise, or 0.06%, to Rs 817.30 per kg in 607 lots.
Analysts said apart from increased domestic demand from alloy-makers, a firming trend in Asian trade amid signs of strengthening demand for the metal from China, the world's biggest consumer, supported the upside.
Globally, nickel for September delivery on the Shanghai Futures Exchange up 0.8% to 95,190 yuan ($15,333) per tonne.
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