Nickel up 0.1% on firm demand
Prices moved up as speculators enlarged their positions
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Nickel futures for April gained Rs 1.20, or 0.14%, to Rs 878.80 per kg in 1,417 lots.
At the Multi Commodity Exchange (MCX), the May contract rose by 80 paise, or 0.09%, to Rs 887.30 per kg in 102 lots.
Prices moved up as speculators enlarged their positions, tracking firming trend in spot market on increased demand from alloy-makers.
Besides, an encouraging trend in copper and other base metals at the London Metal Exchange (LME) supported the upside here.
At the Multi Commodity Exchange (MCX), the May contract rose by 80 paise, or 0.09%, to Rs 887.30 per kg in 102 lots.
Prices moved up as speculators enlarged their positions, tracking firming trend in spot market on increased demand from alloy-makers.
Besides, an encouraging trend in copper and other base metals at the London Metal Exchange (LME) supported the upside here.
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First Published: Apr 08 2013 | 2:04 PM IST