Nickel moves up 0.26% on spot demand

Pick-up in domestic demand supported the trade

Nickel futures for February rose Rs 2.60, or 0.26% to Rs 985.40 per kg in 3,326 lots.

At the Multi Commodity Exchange (MCX), the March contract gained Rs 2.40, or 0.24% to Rs 990.10 per kg in 249 lots.

Pick-up in domestic demand, firm trend in overseas markets mainly kept nickel futures higher.

On the London Metal Exchange (LME), nickel rose 0.2% to $18,350 a tonne.