Nickel up 0.14% on overseas trend

Strong demand from alloy-makers supported the uptrend

Nickel futures for January went up by Rs 1.30, or 0.14%, to Rs 963.60 per kg in 1,046 lots.

At the Multi Commodity Exchange, the February contract traded higher by Rs 1.40, or 0.14%, to Rs 969.70 per kg in 116 lots.

Speculators enlarging their positions supported the trade.

Firm trend at the London Metal Exchange, data showing a jump in the US imports and speculation that an economic recovery in Europe that boosted demands for metals triggered the uptrend.

Besides, strong demand from alloy-makers also influenced nickel prices.