 "Nickel rises on strong global cues")
Nickel prices were up by Rs 8.10 to Rs 904.20 per kg in futures trade today after participants created positions, tracking a firming trend overseas and pick up in industrial demand in the spot market.
At the Multi Commodity Exchange, nickel for delivery in February moved up by Rs 8.10, or 0.90%, to Rs 904.20 per kg in business turnover of 15 lots.
Similarly, the metal for delivery in January month contracts gained Rs 7.30, or 0.87% to Rs 896.30 per kg in 750 lots.
Marketmen said besides pick-up in demand from alloy-makers at domestic spot markets, a firming trend in the base metals pack at the London Metal Exchange after better-than-forecast economic growth in China, the world's largest consumer led to rise in nickel prices at futures trade.
At the Multi Commodity Exchange, nickel for delivery in February moved up by Rs 8.10, or 0.90%, to Rs 904.20 per kg in business turnover of 15 lots.
Similarly, the metal for delivery in January month contracts gained Rs 7.30, or 0.87% to Rs 896.30 per kg in 750 lots.
Marketmen said besides pick-up in demand from alloy-makers at domestic spot markets, a firming trend in the base metals pack at the London Metal Exchange after better-than-forecast economic growth in China, the world's largest consumer led to rise in nickel prices at futures trade.