Nickel up 0.3% on firm demand
Firmness in select metals at the LME influenced nickel futures here
)
Nickel futures for April gained Rs 2.20, or 0.27%, to Rs 823.30 per kg in 2,691 lots.
At the Multi Commodity Exchange (MCX), the May contract rose by Rs 1.60, or 0.19%, to Rs 830.10 per kg in 492 lots.
Prices moved up as speculators enlarged their positions tracking firming trend in spot market on increased demand from alloy-makers.
Firmness in select metals at the London Metal Exchange (LME) also influenced nickel futures here.
At LME, nickel climbed 0.5% to $15,250 a tonne.
At the Multi Commodity Exchange (MCX), the May contract rose by Rs 1.60, or 0.19%, to Rs 830.10 per kg in 492 lots.
Prices moved up as speculators enlarged their positions tracking firming trend in spot market on increased demand from alloy-makers.
Firmness in select metals at the London Metal Exchange (LME) also influenced nickel futures here.
At LME, nickel climbed 0.5% to $15,250 a tonne.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Apr 22 2013 | 2:39 PM IST