Nickel up 0.2% on firm demand
Prices moved up as speculators enlarged their positions
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Nickel futures for April gained Rs 1.80, or 0.20%, to Rs 881 per kg in 3,919 lots.
At the Multi Commodity Exchange (MCX), the May contract also rose by a similar margin to trade at Rs 889.10 per kg in 241 lots.
Prices moved up as speculators enlarged their positions supported by rising spot market demand.
Increased domestic demand from alloy-makers also supported the trade.
At the London Metal Exchange (LME), nickel rose 0.5% to $16,130 a tonne.
At the Multi Commodity Exchange (MCX), the May contract also rose by a similar margin to trade at Rs 889.10 per kg in 241 lots.
Prices moved up as speculators enlarged their positions supported by rising spot market demand.
Increased domestic demand from alloy-makers also supported the trade.
At the London Metal Exchange (LME), nickel rose 0.5% to $16,130 a tonne.
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First Published: Apr 11 2013 | 4:33 PM IST