 "Nickel up 0.27% on global cues, spot demand")
Taking positive cues from global market and rising demand from domestic alloy-makers, nickel futures rose 0.27 per cent to Rs 961.70 per kg today as speculators enlarged their positions.
At the Multi Commodity Exchange, nickel for delivery in tje current month added Rs 2.60, or 0.27 per cent, to Rs 961.70 per kg in a business turnover of 477 lots.
Analysts said besides rising spot demand, a firming trend at the London Metal Exchange (LME) on hopes global usage of the metal will exceed output amid signs of an improving US economy, also boosted prices.
Meanwhile, nickel for delivery in three months at the LME rose USD 174, or 1.2 per cent to USD 15,639 per tonne.
At the Multi Commodity Exchange, nickel for delivery in tje current month added Rs 2.60, or 0.27 per cent, to Rs 961.70 per kg in a business turnover of 477 lots.
Analysts said besides rising spot demand, a firming trend at the London Metal Exchange (LME) on hopes global usage of the metal will exceed output amid signs of an improving US economy, also boosted prices.
Meanwhile, nickel for delivery in three months at the LME rose USD 174, or 1.2 per cent to USD 15,639 per tonne.
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%