 "Nickel up 0.3% on firm demand, global cues")
Nickel prices moved up by 0.36% to Rs 967 per kg in futures market today as speculators enlarged their positions, tracking a firming trend in spot market on increased demand from alloy-makers.
Besides, an encouraging trend in copper and other base metals in the global markets, supported the upside.
At the Multi Commodity Exchange, nickel for delivery in April gained Rs 3.50, or 0.36%, to Rs 967 per kg in a business turnover of 415 lots.
Market analysts said apart from increased domestic demand from alloy-makers, a firming trend in select base metals at the London Metal Exchange, mainly helped nickel futures to trade higher.
Besides, an encouraging trend in copper and other base metals in the global markets, supported the upside.
At the Multi Commodity Exchange, nickel for delivery in April gained Rs 3.50, or 0.36%, to Rs 967 per kg in a business turnover of 415 lots.
Also Read
In a similar fashion, the metal for delivery in May rose by Rs 2.80, or 0.29%, to Rs 971.10 per kg in 19 lots.
Market analysts said apart from increased domestic demand from alloy-makers, a firming trend in select base metals at the London Metal Exchange, mainly helped nickel futures to trade higher.
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%