Nickel up by 0.7% on global cues
Speculators raised their bets amid a firming trend overseas and spot demand
 "Nickel up by 0.7% on global cues")
Nickel prices moved up by Rs 4.30 to Rs 577.80 per kg in futures market today as speculators raised their bets amid a firming trend overseas and spot demand.
At the Multi Commodity Exchange, nickel for delivery in May gained Rs 4.30, or 0.75%, to Rs 577.80 per kg, in a business turnover of six lots.
The metal for delivery in April rose by Rs 4.10, or 0.72%, to trade at Rs 571.70 per kg in 644 lots.
Analysts said apart from increased domestic demand from alloy-makers, firmness in metal at the London Metal Exchange, influenced nickel prices at futures trade.
At the Multi Commodity Exchange, nickel for delivery in May gained Rs 4.30, or 0.75%, to Rs 577.80 per kg, in a business turnover of six lots.
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The metal for delivery in April rose by Rs 4.10, or 0.72%, to trade at Rs 571.70 per kg in 644 lots.
Analysts said apart from increased domestic demand from alloy-makers, firmness in metal at the London Metal Exchange, influenced nickel prices at futures trade.